XPEV Trade on Dec 21, 2022 10:12 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 B.O

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. GOT LONG HERE AS WE STARTED TO BREAKOUT OVER THIS TRENDLINE AROUND 10.4

-#2. HAD JUST BROKE ABOVE PRIOR HOD NADN RETESTED HERE BOUNCING, GOT LONG HERE RISKING OF 10.43ISH - 5 CENTS WHICH WAS AROUND THIS PRIOR HL AREA

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. TOOK 25% OUT AT NEW HOD AFTER A TIGHT CONSOLIDATION BREAKING OUT INTO 10.60

-#2. TOOK ANOTHER 25% OUT AS WE GRINDED HIGHER HERE INTO 10.65 - XPEV WAS MOVING A BIT SLOW HERE WITH LOW VOLUME

-#3. TOOK OUT 12% HERE AS WE HAD A LARGE SELLER ON THE OFFER AT 10.70 - DIDN’T NOW WANT TO HOLD OVER 50% OF MY POSITION THROUGH A PULLBACK

-#4. I TRAILED ANOTHER 25% OF MY POSITION HERE A THE PRIOR HL AT 10.65, STOPPED OUT BELOW AND THEN HAD 12% OF MY POSITION LEFT AT BREAKEVEN

-#5. WE MOVED SIDEWAYS IN A RANGE HERE BETWEEN 10.6 AND 10.7, EVENTUALLY BROKE OUT HIGHER AS THAT 10.7 SELLER GOT TAKEN OUT, HUGE VOLUME SPIKE HERE INTO NEW HOD, SCALED A SMALL PORTION OUT 2% AT 10.8 AND THEN ANOTHER 2% AT 10.88 WHERE I HAD A LEVEL HERE

-#6. NEW HOD AND I SCALED OUT 2% OUT AT 10.99 RIGHT BEFORE $11, THEN DECIDED TO SWING THE REMAINING 5% HERE TRAILING IT BEHIND 10.88 LEVEL, GAVE TWO CENTS BELOW, WE ENDED UP BOUNCING RIGHT AT 10.85, NEEDED TO GIVE THIS LEVEL 2 MORE CENTS OF ROOM, MY MISTAKE HERE, STOPPED OUT LAST 5% HERE

PT - #1. NEW HOD WAS A PT, LARGE SELLER ON THE LEVEL 2 WAS A PT, BUT ALSO XPEV WAS MOVING A LOT SLOWER HERE ON LOWER VOLUME, SO I WAS MORE CAUTIOUS AND DEFENSIVE

MARKET CONDITIONS - #1. MARKET BOUNCED TODAY AFTER HUGE DRAWDOWN PAST 5 SESSIONS - MARKET SUPPORTING THIS MOVE, BUT XPEV ALSO HOLDING A LOT BETTER DURING MARKET PULL BACKS

TAPE (AROUND SIGNIFICANT AREAS) - #1. XPEV WAS MOVING SLOW, CLEAR BUYERS STEPPING IN OVER THE BREAKOUT AT THE 10.5 CONSOLIDATION, NICE CONTINUATION UP INTO 10.7 SELLER, MOVING SIDEWAYS HERE AND THEN BROKE OUT HIGHER, CLEAR BUYERS STEPPING IN HERE AROUND THE 10.6 SUPPORT - DID NOT REALLY MICROMANAGE TRADE AT THIS POINT, ENDED UP MOVING BACK TO HOD AND TAKING OUT 10.7 SELLER AND CONTINUED UP TO 1.88 LEVEL AND 11 AND THEN 11.1

REFLECTION - #1. NOT BAD TRADE HERE, HOWEVER MOST OF MY SIZE WAS TAKEN OUT AROUND 10.65ISH - I DID CATCH QUITE THE MOVE HERE, HOWEVER I HAD VERY SMALL POSITION LEFT AS IT RAN UP FROM 10.6, ENDED UP NOT MAKING TOO MUCH OF A DIFFERENCE AS I HAD SMALL SIZE

-#2. I THINK THE BEST WAY TO HAVE TRADED THIS WAS TO ADD BACK INTO THE PULLBACKS, AROUDN THIS 10.6 - 10.7 AREA, WAS A BIT TRICKIER TO TRADE AROUND BUT WE HAD A NICE BREAK OVER 10.75 AND QUICK CONSOLIDATION BEFORE BREKAING OUT HIGHER, COULD HAVE PUT ON SOME SIZE BACK AROUND 10.75 RISKING OFF THIS AREA LOOKING FOR THE BREAKOUT OVER 10.88 AND NEW HOD

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. DID THE MOST WITH SMALL POSITION REMAINING, TO REALLY HAVE TAKEN FULL ADVANTAGE HERE, I NEEDED TO ADD BACK IN SIZE AROUND 10.6, BUT WOULD HAVE LIKELY WAITED UNTIL THIS 10.7 SELLER GOT TAKEN OUT AND THEN WE BUILD ABOVE IN THIS CONSOLIDATION RIGHT UNDER 10.75, COULD HAVE PUT SIZE HERE WITH AN APPROPRAITE RISK BELOW 10.75 ANTICIPATING A BREAKOUT OVER 10.88 AND CONTINUATION HIGHER UP TOWARDS 11

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 HERE, COULD HAVE PUT ON A TRADE AND LEFT FOR EITHER A SWING OR A LARGE MOVE INTRADAY HOLDING FULL POSITION UNTIL HITTING A MAJOR TARGET LEVEL

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
2022-12-21 10:12:54 XPEV buy $10.480 long
2022-12-21 10:34:54 XPEV sell $10.600 long
2022-12-21 10:35:54 XPEV sell $10.650 long
2022-12-21 10:38:26 XPEV sell $10.700 long
2022-12-21 10:53:02 XPEV sell $10.640 long
2022-12-21 11:35:06 XPEV sell $10.790 long
2022-12-21 11:38:09 XPEV sell $10.860 long
2022-12-21 11:58:12 XPEV sell $10.990 long
2022-12-21 12:20:13 XPEV sell $10.860 0


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