GTLB Trade on Mar 14, 2023 09:53 from Goku_BOWS: Tradervue User Stock Trades.


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Daily Setup: Gap below major support, all time low. Looking for correction, no setup
Intraday: Double bottom - 1-2-3

Watched at open and had strength; Circuit broken will help prevent major flushes.
Quick pop on the open and then pulling back w/ market weakness. If market corrects and continues up this should go. Doji on 2 minute near double bottom for entry, will add to near LOD if it continues down
*Testing setup type - new trade type for me
Sell 1/3 quick to reduce risk, since exploratory setup: 31.50
sell 1/3 32, near VWAP, trail last
Thought process while in the trade:
Not a strong bounce. Do I adjust target? No. Markets look good, low risk setup w/ high R:R
10:20 Really struggling at 31.60-.70 - I can see both sides, now forming a bearish setup w/ 5 minute 8eme catching up, could be worth moving target to that level. but my high R:R comes into play if that level breaks and could catch momo.
10:25 No bounce even w/ Market breaking up; 8ema now at VWAP just above 32, that takes away the extension layer of probability/edge
10:26 lol, big pop right after I finished typing previous statement.
10:38 - added back near 31.60-.70 S/R level, stop low of b/o candle for add-back

Sold the add-back above 32 and trailed the last lot. I wanted to get close to the S/R level on the daily, but closed near HOD. Had a decent cushion, but no desire to hold overnight.

Layers of probability: Market strength, clear setup

Entry - 2 minute doji for first, added near LOD
Stop: LOD
Target: 31.50, 32, 37

Successes: Kept risk low for new style setup, great add-back, great patience and sticking w/ original game plan
Areas to improve: Continue to work the addbacks

Execution detail:

Date/time Symbol Side Price Position
2023-03-14 09:53:00 GTLB buy $31.730 long
2023-03-14 09:56:00 GTLB buy $31.130 long
2023-03-14 09:56:00 GTLB buy $31.020 long
2023-03-14 09:57:00 GTLB sell $31.480 long
2023-03-14 10:26:00 GTLB sell $32.000 long
2023-03-14 10:38:00 GTLB buy $31.650 long
2023-03-14 10:52:00 GTLB sell $32.250 long
2023-03-14 15:50:00 GTLB sell $33.700 0

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