Thesis: Amazon company signed a deal with $SNAP on adds + RVOL above 9 in premarket + gap of more than 6% = potential opening drive.
Stop: Placed my stop-loss below the 3rd bar (breakout one)
Entry: I have entered position at 09:33, due to late execution of my order for unknown reason. I believe, there was a lag in connection or slow internet in my villa... Tried to be as big as possible & risk was so small. I actually tried to be even bigger, like 200s, but the system would simply not execute my orders.
Targets: I was planning to see at least 1to3.
Breakeven point: set after 2 minutes in the trade.
Comments: Maybe it was a high expectation from a stock to make 1ATR move straight on open considering 0.45ATR it has.
Lessons: I have followed my plan and happy about it. I could argue that the entry should have been made within the 1st bar but passing premarket level was super crucial for my strategy before entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-14 09:33:37 | SNAP | buy | $12.220 | long |
2023-11-14 09:33:37 | SNAP | buy | $12.220 | long |
2023-11-14 09:34:10 | SNAP | buy | $12.270 | long |
2023-11-14 09:34:17 | SNAP | buy | $12.240 | long |
2023-11-14 09:34:31 | SNAP | buy | $12.250 | long |
2023-11-14 09:38:20 | SNAP | sell | $12.280 | 0 |
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