BLCM Trade on Apr 17, 2023 11:21 from BanalityOfEvil: Tradervue User Stock Trades.

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BanalityOfEvil

 

Play
momentum continuation scalp

Catalyst
technical setup

Trade Idea
Price could touch .80 in the next few minutes

Setup Quality
C - price is shooting higher for no good reason. long term demand @.50, long term supply @.80

Plan
offer into strength and sell 100% into long term supply zone at .80
stop is break and hold below vwap/volume dries up/target is hit

Reasons to Sell
target is hit
stopped out

Executions and Price Action
initial small entry did not play out but price consolidated cleanly above vwap with some volume so I added to position

got antsy and sold too early; never felt convicted and did not want to go red on the day, price went to target and higher and capitulated quickly

Key Takeaways
should have held to target
not a horrible setup but stock was so cheap I did not feel convicted
in the green, sold early, feeling rusty, did not want 1st day back to be a red day, sloppy trade, C setup
platform was down so had to use TOS, this also was affecting my confidence

image


Execution detail:

Date/time Symbol Side Price Position
2023-04-17 11:21:16 BLCM buy $0.6900 long
2023-04-17 11:42:37 BLCM buy $0.5990 long
2023-04-17 11:43:51 BLCM buy $0.6387 long
2023-04-17 11:49:43 BLCM sell $0.6956 long
2023-04-17 11:49:43 BLCM sell $0.6956 long
2023-04-17 11:49:44 BLCM sell $0.6956 long
2023-04-17 11:49:44 BLCM sell $0.6956 long
2023-04-17 11:49:44 BLCM sell $0.6956 long
2023-04-17 11:49:45 BLCM sell $0.6956 long
2023-04-17 11:49:45 BLCM sell $0.6956 long
2023-04-17 11:49:45 BLCM sell $0.6956 long
2023-04-17 11:49:45 BLCM sell $0.6956 long
2023-04-17 11:49:45 BLCM sell $0.6956 0


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