QQQ Trade on Jul 12, 2023 10:16 from Ihor_Horovenko: Tradervue User Stock Trades.

Thesis: Closer to 10 a.m. $QQQ started to form the uptrend with the overall market and I was waiting for the stop to get in for a trend continuation. The following 3 candles after 10:09 opened and closed inside were potentially signalling to me of a higher tension between market participants.

Stop: Placed my stop-loss below 10:15 candle at 373.56 level as did not want price to come back lower anymore.

Entry: I have entered position after 10:15 candle closed. I was initially waiting for the price to rebid 373.80 level to be more confident in trend direction but decided to take risk earlier with tighter stop loss.

Targets: Measured move was my main target but was also prepared to see price providing 1 to 4 RR ratio or double measured move based on my yesterday experiences.

Breakeven point: The breakeven point was set after first profit taking at 374.18 level.

Comments: This has helped me to avoid taking loss straight after profit taking.

Lessons: I am so happy I have had a chance to take some profit at least for the 25% of my position as the price reversed after. The main lesson here is to take advantage of the moment and increase size for the future trades.