PLTR Trade on Mar 8, 2023 09:32 from kgauvin25: Tradervue User Stock Trades.

Big Takeaways:
1. With "no catalyst" name on watch check fin viz to ensure no catalyst
2. With each name on Watch check pre market 5min before open to ensure I know which names are opening closest to their ACTUAL DAILY levels
3. Practice again and again right at open switching names
4. Rare for more than 1-2 names to be right at levels at open

$PLTR - Build digital infrastructure (Does not Sell data)- software - tech Daily IF, MD,IDF

• Selected by department of state to modernize data Management for the Bureau of Medical Services
• ATR 0.5, AV 42m (thick)
• Daily Bull flag underneath 8.50, also seen as potential daily H&S

- Pre trade
- So going in I was not first watching this as a I was watching $JWN first
- Big thing from here was this was consolidating under a Daily Inflection level but was below Daily 8 EMA which is bearish
- I failed to note 8.40 as the real entry as this was break of inside high
- Off the open PLTR started ripping and JWN failed hard

- Execution
- So I moved to $PLTR but had already missed the 8.40 inside day high break
- I was thinking about just bidding here, but then decided not to since was not planned
- I ended buying through 8.50 (daily consolidation level), taking 17 cents risk, so not bad but for a thick name like this, I think was too much
- 8 EMA caught up to open low which I liked
- Then from here watch some of my other trade ideas trigger but missed them
- Ended up getting some follow thru but just not really much
- We ended up getting a new HOD, which enabled me to move my stop up, so now was risking 10 cents vs 17 cents
- Then similar to yesterday at 10am JOLTS comes in, way more people have jobs, showcasing very tight labor market, and market collapses
- Market brought this name down and I got stopped out

- Review:
- SO main thing here was not quick enough to switch to PLTR when $JWN failed
- This will take practice and reps to get faster
- The other thing was all my other names on my WL had good daily setups, above the daily 8 EMA and this one was below ---> This is something to note
- Also made note that when rehearsing my game plan before opens, to quickly pull up premarket chop of name on WL to see what names are closest to their levels
- This would have had me have $OXY on my WL, and not $BYND as $OXy was significantly closer to its trigger level

- Hindsight
- Had I bought through 8.40 for 7 cents risk, would have been able to get a lot more size, get risk covered (not exactly 1;1 as space risk less than 10 cents so always have 1:1 at least 9 cents ITM), and then cover more on HOD break
- 8.42 was trigger buy, best trades tend to work right away, and so theoretically if broke thru Inside day and high and then still there, your probability of success is less
- 8.50 was not really a level to buy through, like yeah was a daily pivot