TGT Trade on Nov 15, 2023 09:36 from Ihor_Horovenko: Tradervue User Stock Trades.

Thesis: Better than expected earnings (catalyst) + gap 13.89% + RVOL about 350-400 in PM and 80+ on open. Small consolidation breakout on open with passing 1st level of resistance based on premarket action and overcoming of premarket high made me want to open long.

Stop: Placed my stop-loss below 09:35 candle.

Entry: I have entered position once the 6th bar broke above the premarket high and closed.

Targets: Was hoping to see 1to3 RR, but already at my entry I have realised that I could enter 2 min earlier. For this reason I had to adjust my expectations based on price action of a stock that I was not planning to trade at all.

Breakeven point: was set after 2 minutes being in the trade. This is a standard practice I use for opening drive plays.

Profit taking: exited due to adjusting trailing stop loss and acceleration to 130 which played as a resistance forced to get out with this move2move setup.

Comments: I liked the ability of admitting mistake and adjusting my expectations.

Lessons: I have to watch more premarket action and don't always wait for the premarket level to be broken. Prior price action on open + premarket resistance levels would allow me to scale my position size. Definitely one of the greatest trades to study!