GE Trade on Jan 4, 2023 09:35 from rrodriguez: Tradervue User Stock Trades.

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Shared by
rrodriguez

 

Shares traded: 42
Closed Gross P&L: $3.99

Tags:

AssetTypeEquities Backside CatalystYes Discretionary L1 Gap TradePatternORB5min TimeframeRegularSession

Rvol:4.31
Float: 1.09B
Market Cap:76.71B
Short Float 1.24%
Catalyst:GE Completes Separation of GE HealthCare

The set-up:Breakdown of multiple pivots. went short
What I did Right: Shorted the breakdown.
What I did Wrong: exited before going negative. mindset was to save face with the fees. It had almost hit 1R, and then doubled back to breakeven.
Where I could improve: Understand that the gap down was excessive. 6 dollars, would have expected a bounce back.

Trade grade:B

Big-picture:Level 1 Gapdown against the trend.
Trade parameters: 68.68 x67.49
Entry:5min ORBreakdown
Trade Management:Actively managed not to go red.
Exit


Execution detail:

Date/time Symbol Qty Price Position
2023-01-04 09:35:20 GE -21 $67.830 -21
2023-01-04 10:18:51 GE 21 $67.640 0


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