PATH Trade on Mar 16, 2023 10:08 from kgauvin25: Tradervue User Stock Trades.

Takeaways:
- My entry was not ideal
- Derrick did not like my entry
- Broke Opening lows which meas less likley pivot
- $18 is major res and massivley ext
- Better to have sideways move or direct move down, then 8 EMA catchup up as move is super strong and then market is just digesting gap
- Inside 5 not the best, 1st test is more ideal

Market Summary:
- So with this daily misalignment and $CS news (4) and ECB being the highlight of premarket we are set to open in a tough spot
- $ECB in line at 50BPS ---> adds to conviction that Fed will hike 25BPS next week
- Because High beta has lead market if gonna be long QQQs is kinda supporting this with rel market strength but testing the highs of daily bull flag, so today might not be the breakout day
- Non tech longs really need to be in play
- STT in green zone

$PATH - Software - tech Breakout, Breakaway Gap, (Earnings - Vid), PB Hammer
- Earnings 10/10 EPS Beat 130%, Rev Beat 10%, Guides Q1 higher, Guides FY24 Higher
- ATR 0.85, AV 5.5m
- Long through $17, 2.5 ATR Ext

Plan:
- So because this name had incredible earnings in my opinion and so I definitely wanted to be involved it had just gapped up so much, that it was tough to be involved right at open
- Did give an opening drive, but if bought right at open it broke lows before making a real momentum drive
- So after this momentum drive happened my plan was to wait for a Pullin to 8 EMA to get long
- Ideally this does not break LOD

Execution:
- Shown below in chart screenshot

During trade thoughts:
- Because I was late now I have to watch this rip without my risk being able to be covered
- I would want to be able to cover some in front of 17.50 but I cannot
- 11:10am so rn there are two sides
- We have people like myself who dip bough this
- And then people who shorted highs as major ext
- Question becomes is this a Lower high that the shorts win or a higher low an dipbuyers win 17.50 will tell