Shared by:
kingsbayanalytics
Trade Journal
Date:
2021-10-01
Underlying:
UPST
Option Details:
1OCT21 305C
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?:
F;
This was a mis-timed reversal; I saw a reversing-looking candle and didn't wait for confirmation. Secondly, I didn't stop myself out fast enough upon hypothesis failure.
Position Sizing:
Bad;
I shouldn't have risked anything on a reversal without confirmation
Play Type
Intraday:Reversal Oversold
Longer Term:N/A
Supply/Demand:N/A
Market Profile:N/A
Summary
I should have waited on reversal confirmation here.
Execution detail:
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