XPEV Trade on Dec 16, 2022 09:41 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 - DAILY WEDGE BREAKOUT

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. GOT LONG HERE ONCE WE CLEARLY HAD STRENGTH OFF THE OPEN INDICATING HERE I WANTED TO GET INVOLVED ON THE FIRST PULLBACKL

-#2. PULLBACK INTO THE TRENDLINE RETEST

-#3. RECLAIM OVER 10.5 LEVEL HERE AND I GOT LONG INVOLVED

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. FIRST 25% OUT AT AS PUSHED INTO PRIOR HOD RESISTANCE, JUST A COVER HERE FOR RISK AND AS WE PUSHED INTO THE HIGHS SELLING INTO STRENGTH

-#2. ANOTHER 25% OUT AS WE PUSHED HIGHER HERE WITH MOMENTUM UP INTO 10.90ISH WHERE WE HAD A LEVEL FROM THE HOURY CHART

-#3. TYPICALLY I WOULD HAVE HELD THE OTHER 50% HERE, BUT LATELY STOCKS HAVENT HAD THE BEST CONTINUATION, I MADE AN EXECUTIVE DECISION THAT IT WOULDN’T BE SMART TO HOLD 50% OF MY POSITION HERE AFTER A REALLY NICE MOVE UP, DECIDED THAT I FELT MORE COMFORTABLE IN HOLDING 25% FOR CONTINUATION, SO I GOT OUT ANOTHER 25% OF MY REMAING 50% POSITION HERE AS WE STARTED TO STALL AROUND 10.9 HERE AS WELL

-#4. THEN WE JUSST RIPPED THROUGH THIS LEVEL, NOW THESE EXITS WERE PRIMARILY BASED ON AS THE STOCK GOT EXTENDED HERE ON THE 5M, MOVED UP TOO MUCH TOO FAST, EXITED 10% RIGHT UNDER $11, THEN WE JUST POPPED UP AND REALLY SQUEEZED UP HERE, LOTS OF GREEN PRINTS AND HERE I EXITED ON STRENGTH GETTING OUT 5% OUT INTO THESE HIGHS AND THEN ANOTHER 5% AS WE WICKED FROM 11.15 AND SLOWED DOWN HERE FROM THE MOMENTUM AND TAPE, WAS EXPECTING SOME KIND OF PULLBACK AT THIS POINT AND IF I WANTED TO HOLD FOR SWING, IT WAS BEST TO GET FLAT HERE AND RE-ENTER ON A LIKELY PULLBACK DOWN LOWER

PT - #1. HAD A TARGET AT 10.9 AND THEN 11, POSSIBLE CONTINAUTION HIGHER INTO 11.3 WHERE ATR RANGE WOULD START TO GET CLOSER, BUT OBVIOUSLY GOING TO SCALE OUT AND GET FLAT ON EXTREME MOVES THAT MOVE TOO MUCH TOO FAST

MARKET CONDITIONS - #1. MARKETS WERE MOVING UP DURING THIS TIME AFTER A HUGE EXTENSION FROM THE PAST 4 TRADNIG SESIONS, ALL RED DAYS FOLLOWED BY TWO GAP DOWNS, SUPER EXTENDED BUT DURING XPEV TOPPING OUT HERE, SPY WAS TESTING A DOWNTRENDLINE HERE AND REJECTED WITH A MORNING TOP REVERSAL

TAPE (AROUND SIGNIFICANT AREAS) - #1. XPEV WAS STRONG OFF THE OPEN, CLEAR SIGNS OF MOMENTUM AND STRENGTH, AFTER PULLING BACK, STARTED TO HOLD 10.50 HERE, TAPE AND MOVEMENT WAS SLOW AND TAME HERE

-#2. PUT A STOP LIMIT IN BELOW HERE AND DIDN’T MICROMANAGE THIS TRADE, FOCUSED ON THE HTF AND SET AN ALERT AT HOD - SAW IT AGGRESIVELY MOVE HERE, TOWARDS THE HIGHS, VOLUME CLEARLY COMING IN ,

-#3. NICE MOVE OVER HOD HOLDING ABOVE AND EVERY LITTLE POP LOWER WAS MET WITH BIDS SUPPORTING AND STEPPING BACK UP HERE AND WE GRINDED HIGHER, HAD A BIT OF HESITATION HERE AROUND 10.9

-#4. AFTER CLEARLY 10.9, EASILY PUSHED THROUGH 11 WITHOUT A PROBLEM TAKING OUT THE SIZE AT 11 AND REALLY SPEDDING UP HERE WITH TONS OF GREEN PRINTS HERE, HIGHEST VOLUME CANDLE HERE AS WE MOVED HIGHER

-#5. WICKED FROM 11.15 AND STARTED TO SLOW DOWN HERE, CLEARLY OVEREXTENDED HERE AND THESE WICKS AND SLOW DOWN FROM THESE GREEN PRINTS STARTED TO SHOW THE TURN OVER HERE

REFLECTION - #1. NICE TRADE HERE, DIDN’T MICROMANAGE IT AND LET IT PLAY OUT NICELY, GOOD EXITS HERE AND MAKING THE MOST OF THIS POSITION - 6R TRADE HERE, HAD TAKEN MOST OF POSITION OUT AROUND 10.9ISH

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, FOLLOWED THE PLAN AND EXECUTED WELL WITH APPROPRIATE STOP LOSS AND PARTIALS ALONG THE WAY, 6R TRADE CANT COMPLAIN AND PRETTY MUCH CAUGHT MOST THE MOVE DESPITE MAJORITY OF POSITION OUT AROUND 10.9 ISH

-#2. WATCHED THIS LATER IN ON THE DAY AND WE PULLED BACK DOWN TO 10.5 AND THEN STARTED TO SHOW SIGNS OF STRENGTH AGAIN, HAD CLEAR EASY LONGS HERE AROUND 10.6 AT THAT TIGHT CONSOLIDATION EASILY RISKING 2 - 5 CENTS TO CATCH A MOVE UP TO VWAP AND FURTHER FOR 10 - 20 CENT REWARD, ONLY MISTAKE NOT EXECUTING THAT GIVING THAT TRADE A CHANCE BUT FRIDAYS HAVE BEEN BAD FOR ME AND WANTED TO BE MORE SELECTIVE AND CAREUFL HERE THROUGHOUT THE DAY BUT NEXT TIME CAN TAKE WITH SMALL SIZE STREE FREE

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. NICE DAILY SETUP, PREVIOUSLY RAN UP ON E.R WEEK TO TWO BEFORE

BUILDING A NETWORK / STAYING UP TO DATE WITH MARKET TRENDS, NEWS AND DEVELOPMENTS - EDGE, UNIQUE TRADE STRAT,


Execution detail:

Date/time Symbol Side Price Position
2022-12-16 09:41:56 XPEV buy $10.550 long
2022-12-16 09:50:55 XPEV sell $10.730 long
2022-12-16 09:52:33 XPEV sell $10.860 long
2022-12-16 09:52:53 XPEV sell $10.850 long
2022-12-16 09:54:52 XPEV sell $10.940 long
2022-12-16 09:55:12 XPEV sell $11.060 long
2022-12-16 09:56:34 XPEV sell $11.080 0


Comments

2022-12-19 14:41:07
 

wow nice executions on this

2022-12-20 00:19:09
 

Thanks banality :)

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