ONON Trade on Apr 14, 2023 09:30 from Goku_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by
Goku_BOWS

 

Daily Setup: Bullish consolidation/ loosely call it a flag with inside day trigger
Intraday Setup: Momentum/Volume
Layers of Probability: Strong daily chart, Strong indices setups, volume, momentum
Entry: Chased a bit from the inside day high
Stop: LOD
Targets: 1:1, 30.85, 32

Thoughts/Thesis/Notes during the trade:
Inside day high broke early which I could've taken successfully but I wanted a little more confirmation with volume and momentum. I traded that price loss for confirmation, could've had a much larger size. I entered at 30.39 and added more to get bigger size within my risk, had to wait for downtick and calculated against LOD for stop. Got my 1:1 kick and sold more .85 on the runup. Daily resistance at 32 so I sold entire position into that level and added back later, did not get any sales on the addback. It was worth risking some of the profit gauging from the potential the daily was giving.

Areas of Success: Followed my plan, calculated sizing properly.
Areas to Improve: More size would've given me a more flexible trading plan, but I waited to ensure higher probability of the trade working.


Execution detail:

Date/time Symbol Side Price Position
2023-04-14 09:30:00 ONON buy $30.390 long
2023-04-14 09:31:00 ONON buy $30.260 long
2023-04-14 09:33:00 ONON sell $30.620 long
2023-04-14 09:34:00 ONON sell $30.850 long
2023-04-14 09:52:00 ONON sell $31.900 0
2023-04-14 10:03:00 ONON buy $31.330 long
2023-04-14 10:09:00 ONON buy $31.070 long
2023-04-14 11:54:00 ONON sell $30.680 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in