UPST Trade on Oct 1, 2021 09:40 from kingsbayanalytics: Tradervue User Stock Trades.

Trade Journal

Date:
2021-10-01

Underlying:
UPST

Option Details:
1OCT21 315P

Big Picture

SPY:

QQQ:
Slight downtrend frm chop into open; 9/30 very choppy, ending lower

IWM:

Intraday Fundamentals

1D RVOL: LOW
Clear Trend?: N;
Choppy but heading downward

Key Levels
Bull: $320
Bear: $315

News:

Technical Analysis

Next Big Sup/Res Level: $329 RES
Short Term: $320
Long Term: $

Trade Mgmt

Reading Tape:N
Were there any clean levels day before?:N;

Reason(s) to Sell

Price Target:$
Intraday Trend Broken?:N
Breaking News?:
N;

Nearing Another Key Level?:N
Unusual Seller on Tape?:
N;

Buying Pattern Dissipated?:N
Too Steep/Too Much Pullback?:N

Review
How Clean Was Trade?:
A;
I could have waited to see action around $310. Next, I had no reason to sell (aka a sharp reversal). It was mainly fear because of using a 0DTE and getting to my $ target

Position Sizing:
Bad;
Risked way too much to revenge trade!

Play Type

**Intraday: **Opening Drive
**Longer Term: **N/A
**Supply/Demand: **N/A
**Market Profile: **N/A

Summary
Decent trade; could have traded with more conviction but I didn't have enough reason to.