Shared by:
kingsbayanalytics
Trade Journal
Date: 2021-10-01
Underlying: UPST
Option Details: 1OCT21 295P
Big Picture
QQQ: Slight downtrend frm chop into open
Intraday Fundamentals
1D RVOL: LOW
Clear Trend?: Y
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?: B; Good change of direction and exit
Position Sizing: Good; Prices were good; mad I over traded later.
Play Type
Intraday: Reversal Oversold
Longer Term: N/A
Supply/Demand: N/A
Market Profile: N/A
Summary
The entry looks good; good wait for confirmation of reversal on 1m out of oversold territory and breakout of $290 chop; Could have exited a little better knowing $295 and then $300 we're big psych levels"
Execution detail:
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