GOOGL Trade on Feb 8, 2023 11:10 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Gapped down far too much for the news, over-reaction in my opinion. Looking for levels to get an oversold bounce. It wasn't too extended into $100 but did have a decent flush into $99 with an inside 5.

I got in before the candle closed and added once it did. Got the 1:1 and stopped out flat quickly after.

I started a new trade adding in against 98 and the RDR on the 15. Big negative 15 min candle.
Got a little more than 1:1 on the first sell; second sell into equilibrium. Mistakenly sold entire position on last sell. Didn't feel enough conviction to jump back in.
Same thesis from yesterday: major overreaction to the faux pas. It was a glaring error, but nothing that materially should effect the company.
The difference today was that we had market weakness to compete against for a bounce. In my favor I did have support levels on the daily. Not quite a clear level so I picked $94 as my level and started building in against it. Stop was 93.49.

I did not partial out as I was looking for a much larger move to the upside. The Daily, hourly and 15 were still very extended.
I took half off into the close to reduce risk.
No big bounce since market so weak.
Targets $96 and $98.
Will see in the morning if I can add back. Markets not giving guidance either direction at this point.


Execution detail:

Date/time Symbol Side Price Position
2023-02-08 11:10:00 GOOGL buy $98.940 long
2023-02-08 11:15:00 GOOGL buy $98.940 long
2023-02-08 11:19:00 GOOGL buy $99.060 long
2023-02-08 11:19:00 GOOGL sell $99.300 long
2023-02-08 11:23:00 GOOGL sell $98.730 0
2023-02-08 11:29:00 GOOGL buy $98.330 long
2023-02-08 11:30:00 GOOGL buy $98.060 long
2023-02-08 11:30:00 GOOGL buy $98.160 long
2023-02-08 11:35:00 GOOGL sell $98.490 long
2023-02-08 11:50:00 GOOGL sell $98.750 long
2023-02-08 11:54:00 GOOGL sell $98.950 0
2023-02-09 11:07:00 GOOGL buy $94.510 long
2023-02-09 11:42:00 GOOGL buy $94.260 long
2023-02-09 11:46:00 GOOGL buy $94.050 long
2023-02-09 12:35:00 GOOGL buy $93.760 long
2023-02-09 15:51:00 GOOGL sell $94.980 long
2023-02-10 09:30:00 GOOGL sell $95.980 long
2023-02-10 09:43:00 GOOGL buy $95.300 long
2023-02-10 09:49:00 GOOGL sell $95.980 long
2023-02-10 10:02:00 GOOGL buy $95.100 long
2023-02-10 10:25:00 GOOGL buy $95.580 long
2023-02-10 10:35:00 GOOGL buy $95.720 long
2023-02-14 09:30:00 GOOGL sell $93.630 0


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