SHOP Trade on May 4, 2023 09:45 from Beckboy5: Tradervue User Stock Trades.

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Beckboy5

 

The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M, 5M
Timeframe used? 2 M
Above 200 EMA? Y
Spread: Thin
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What I did Right: Great setup across all time frames with a clear entry point, attempted for aggressive stop loss but broke before I could change it, bought into upward strength, practiced holding onto pieces longer once clear in green
What I did Wrong: Sold too quickly (seems to be a consistent issue on the 1st trade of the day), could've gotten aggressive SL (would've been easily over 10R)
Where I could improve: Continue to practice holding pieces when buyers are clearly in control, work on setting targets faster and moving faster when potential chance to revise trade parameters
Trade grade: B+
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Entry: 56.75 (.05 slippage)
Stop Loss: 55.97
Trade Management: Okay
Targets: 57.25, 57.50
Actual Exits: 57.09, 57.28, 57.32 , 57.62, 57.64
Potential R: 3.5 (based on SL taken, not aggressive SL)


Execution detail:

Date/time Symbol Side Price Position
2023-05-04 09:45:03 SHOP buy $56.750 long
2023-05-04 09:46:21 SHOP sell $57.090 long
2023-05-04 09:46:35 SHOP sell $57.280 long
2023-05-04 09:47:13 SHOP sell $57.320 long
2023-05-04 09:49:10 SHOP sell $57.620 long
2023-05-04 09:49:15 SHOP sell $57.664 0


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