Shared by
vhansberger
MSFT Trade 2:
The set-up: ORB Pullback Long - Position Trade
What I did Right: timing was more precise on this entry. Happy
What I did Wrong: Should have left runners for HOD like I initially planned - But, market felt very inflated and MSFT was late to make its move - Was worried overall market might rug mid day and impact MSFT
Trade grade: B-
*-------------------------------------*
Big-picture: Bull Flag/Wedge breakout over on daily - Ideally tests highs later next week
Trade parameters: Risk: 411.90 Was able to tighten my risk here since it was showing strength and offered a pullback / Target: HOD
Entry: saw it wicking off 412 and offered a pullback to get long
Trade Management: B+
Exit: Sold piece at R/G and sold more into extension as it was breaking out - Should have kept a piece for Target
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-03-01 12:10:00 | MAR01 24 412.50 CALL | buy | $0.8800 | long |
| 2024-03-01 12:10:00 | MAR01 24 412.50 CALL | buy | $0.8800 | long |
| 2024-03-01 12:10:00 | MAR01 24 412.50 CALL | buy | $0.8800 | long |
| 2024-03-01 12:12:00 | MAR01 24 412.50 CALL | buy | $0.8600 | long |
| 2024-03-01 12:53:00 | MAR01 24 412.50 CALL | sell | $1.550 | long |
| 2024-03-01 12:53:00 | MAR01 24 412.50 CALL | sell | $1.550 | long |
| 2024-03-01 12:57:00 | MAR01 24 412.50 CALL | sell | $1.600 | long |
| 2024-03-01 12:57:00 | MAR01 24 412.50 CALL | sell | $1.660 | long |
| 2024-03-01 12:57:00 | MAR01 24 412.50 CALL | sell | $1.700 | long |
| 2024-03-01 12:59:00 | MAR01 24 412.50 CALL | sell | $1.700 | long |
| 2024-03-01 12:59:00 | MAR01 24 412.50 CALL | sell | $1.750 | 0 |
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