Daily Setup: $40 S/R level, no setup
Intraday Setup: Trying to hold $40 level, somewhat of a 1-2-3 setup.
Layers of Probability: Recent strength, only usage report, not earnings, numbers seemed good
Entry: Bid in near $40, small size
Stop: LOD
Targets: Near HOD, $43, greedy, looking for more of a gap fill attempt.
Thoughts/Thesis/Notes during the trade:
Basing/holding at $40, or also viewed as a bear flag (was pointed out to me after I was in).
I went long vs. LOD with 60% risk.
1st target near HOD. Noticed after entering it was below VWAP and tailing into it (struggling to break)
Stop LOD,
Nice break up.
And right back down. Buy back? I didn't have a plan to, and not the right setup. Definitely higher probability of breakdown now that it went back down to $40; no add-back.
Stopped
Areas of Success: Stuck with my plan, did not modify.
Areas to Improve:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-17 09:56:00 | RBLX | buy | $40.090 | long |
2023-04-17 10:00:00 | RBLX | sell | $40.700 | long |
2023-04-17 10:37:00 | RBLX | sell | $39.790 | 0 |
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!