IMPP Trade on May 8, 2023 09:42 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
Timeframe used? 2M
Above 200 EMA? N
Spread: Thin
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What I did Right: Solid setup on the 2 & 1m charts with clear strength upward before breaking, good SL that was aggressive but gave room to move for a pullback, good potential R/R scenario, sold first piece at target, second piece again at 1st target when failed to break, started getting out as weakness entered
What I did Wrong: Should've recognized weakness faster
Where I could improve: Practice recognizing when a trade is becoming weak and exit. Maximizing profits is great but protecting profits keeps you green, practice walking that line.
Trade grade: A-
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Entry: 3.17
Stop Loss: 3.05
Trade Management: Good
Targets: 3.27, 3.30, 3.34
Actual Exits: 3.27, 3.26, 3.20, 3.11
Potential R: 1


Execution detail:

Date/time Symbol Side Price Position
2023-05-08 09:42:21 IMPP buy $3.170 long
2023-05-08 09:42:59 IMPP sell $3.270 long
2023-05-08 09:43:45 IMPP sell $3.260 long
2023-05-08 09:44:04 IMPP sell $3.270 long
2023-05-08 09:45:40 IMPP sell $3.200 long
2023-05-08 09:46:15 IMPP sell $3.110 0


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