SNAP Trade on Nov 14, 2023 09:33 from Ihor_Horovenko: Tradervue User Stock Trades.

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Ihor_Horovenko

 

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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