XPEV Trade on Nov 30, 2022 11:16 from AndyBhanver3: Tradervue User Stock Trades.

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AndyBhanver3

 

TRADE IDEA - (TREND TRADING, BREAKOUT AND BREAKDOWN, REVERSAL TRADING, MOMENTUM TRADING, GAP AND GO)

PLAY IDEA/SETUP - EARNINGS - TRIANGLE PATTERN

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING) - #1. GOT LONG HERE AS THE HORIZONTAL SUPPORT AT 9.9ISH AS WE CREATING A TIGHTER CONSOLIDATION AND TRIANGLE PATTERN

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION) - #1. GOT 30% OUT AT A BREAK OVER HOD

-#2. TOOK ANOTHER 30% MORE AGGRESSIVELY HERE AS WE EXTENDED HERE INTO 10.50 AN AREA WHERE ORDERS WERE WAITING, TRAILED THE OTHER 30%

-#3. TOOK ANOTHER 15% ISH OUT AS WE CONSOLIDATED TIGHTLY AND BROKE OUT HIGHER UP ITNO 10.55 AND THEN RIPPED UP INTO 10.64

PT - #1. HAD TARGETS AT NEW HOD AND CONTINUATION, 10.5 LEVEL AS WELL AS ANY EXTENSION HERE HIGHER

MARKET CONDITIONS - #1. MARKET CONDITIONS DURING THIS TRADE, MARKETS WERE MOVING HIGHER, HOWEVER XPEV WAS SHOWING RELATIVE STRENGTH HERE NONE THE LESS

TAPE (AROUND SIGNIFICANT AREAS) - #1. WAS SEEING BUYERS COMING IN AT 9.9ISH AND TOOK LONG ENTRY HERE

-#2. DECIDED NOT TOO FOCUS AND MICOR MANAGE TOO MUCH ON THIS TRADE, LET THIS TRADE WORK OUT AND WAS BEING PATIENT, SCALED OUT ON THE BREAKOUT CONTINUATION HIGHER

REFLECTION - #1. NICE TRADE THAT WORKED OUT NICELY, HAD SOME TIGHTER RISK HERE AND GOT A NICE UPSIDE CONTINUATION MOVE HERE - 4R HERE BUT COULD HAVE BEEN AROUND 5 - 6 R IF I HAD A CLOSER ENTRY NEAR MY STOP LOSS WHICH WAS THE 7:30 CANDLE LOW - 15 CENTS

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. NO MISTAKES, WAS FOCUSED ON TRAILING THIS MOVE HERE AS WELL AND WAS BEING PATIENT, GOT NICE EXITS HERE INTO THE CONTINUATION MOVE HIGHER

-#2. I THINK MOVING FORWARD, I SHOULD FOCUS ON THESE TRADES WHERE I CAN HAVE TIGHTER RISK, EVEN IN THIS TRADE, I CAUGHT SUCH A NICE MOVE HOLDING MY WHOLE POSITION BUT ONLY CAUGHT 3.4R. NEEDED A CLOSER ENTRY TO MY EXIT SO I COULD GAIN 5R - 6R

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? #1. YES NICE SETUP WITH STOCK IN PLAY FROM EARNINGS AND CLEAR PATTERN, NICE TRADE SETUP HERE, BUT DEFINITELY NEEDED A HIGHER R:R HERE, WHICH ONLY WOULD HAVE COME FROM HAVE A CLOSER ENTRY TO MY STOP LOSS


Execution detail:

Date/time Symbol Side Price Position
2022-11-30 11:16:05 XPEV buy $9.970 long
2022-11-30 11:45:34 XPEV sell $10.380 long
2022-11-30 11:48:50 XPEV sell $10.500 long
2022-11-30 11:51:32 XPEV sell $10.550 long
2022-11-30 11:51:46 XPEV sell $10.640 0


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