V Trade on Nov 11, 2022 10:26 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

The set-up: Morning Break Out.

After few min Market is open. I see SPY having hard time getting accepted opening price level. Other of my stock in play was also too BULLISH at the opening. Only 1 stock is V trading sideway.

Once SPY accepting Opening price level. I was only thinking V would make the same move as SPY but actually is not. I enter a LONG position but V DOES NOT accepted opening price 206 (only spy).

My Strategy is relative strength and weakness. I SHOULD ALREADY NOTICE 11 PM where V still sideway, there IS NO STRENGTH with the market. I, again forcing my trade when boredom and prefer to be right. I hit the bid as soon as the trade no longer valid and take a 16% Loss.

What I did Right:

1) I was patient while market is open to identify the market and A+ Setup

2) I did patient and see many of my stock in play was going to the moon with the market but did not pull back or offer and good R/R so I did not enter at ALL

What I did Wrong:

1) I did patient but stupid enough to see V are already VISA and find a reason to enter the trade (forcing myself to trade)

Where I could improve:

1) If I already see sideway of market and my stock in Play. I should just pass AND DO NOT FIND A REASON TO ENTER THE TRADE IF did not see the momentum or my A+ SETUP

Trade grade: Failed


Execution detail:

Date/time Symbol Side Price Position
2022-11-11 10:26:54 18 NOV 22 210 CALL buy $1.500 long
2022-11-11 10:26:55 18 NOV 22 210 CALL buy $1.500 long
2022-11-11 10:36:00 18 NOV 22 210 CALL sell $1.270 0
2022-11-11 11:12:17 18 NOV 22 200 PUT buy $1.650 long
2022-11-11 11:17:40 18 NOV 22 200 PUT sell $1.640 0


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