UNH Trade on Nov 10, 2022 09:51 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

The set-up: Reversal at demand zone.

We had a amazing and strong GAP UP after getting CPI and Inflation data BETTER then expected and seeing whole market is mooning and my stock in play as well.

Looking at UNH again, where SPY accepting opening priced level. UNH also having a reversal trend at demand zone. Seeing my A+ Setup is right here, I decided get OTM contracts. Going LONG at 541.63, where I risking 63c (SL 541) and target reward $545.25.

After waiting price meet my target R/R. I sell my position and taking 5R play. 36% ROI

What I did Right:

1) Trading based on my pre-market plan

2) Trading when seeing my A+ Setup

3) Getting multiple confirmation/ timeframe/ level before enter the trade

4) Pre-define my risk/reward before enter the trade.

5) Let my trade work based on R/R plan after enter.

What I did Wrong: NONE

Where I could improve:

1) Adding Size

2) Pre-define my A++ SETUP, so I could scale my position to the next level.

Trade grade: A+


Execution detail:

Date/time Symbol Side Price Position
2022-11-10 09:51:55 11 NOV 22 545 CALL buy $2.900 long
2022-11-10 10:00:17 11 NOV 22 545 CALL sell $4.000 long
2022-11-10 10:00:37 11 NOV 22 545 CALL sell $3.950 0


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