MBLY Trade on Apr 27, 2023 09:31 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Daily Setup: Oversold into support bounce/pivot
Intraday Setup: RDR of $30
Layers of Probability: Oversold, daily support
Entry: See notes
Stop: LOD
Profit Strategy & Targets: 50% sold at 1:1, next dollar level (31), next $2 level ($33)

Thoughts/Thesis/Notes during the trade:
MBLY big flush on the open into $30 level.
I was going to bid and add in vs $30 when it started to hold around 30.1.
I was too slow getting an order in when it broke below and then back above I marketed in; similar to an RDR setup but using a price level. Again too slow and it had already broken back below, which inadvertently gave me a great fill and luckily it upticked right away.
Covered more than risk with 50% of position and 1/4 more. big uptick, solid all into $33.
Way too thin and jumpy, decent spread, but traded very thin.
Danger! Got very lucky.

Areas of Success:
Areas to Improve: Watch action to see how thin, very jumpy.


Execution detail:

Date/time Symbol Side Price Position
2023-04-27 09:31:00 MBLY buy $29.870 long
2023-04-27 09:31:00 MBLY sell $30.350 long
2023-04-27 09:31:00 MBLY sell $30.850 long
2023-04-27 09:33:00 MBLY sell $32.980 0


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