UPST Trade on Oct 1, 2021 10:32 from kingsbayanalytics: Tradervue User Stock Trades.

Trade Journal

Date:
2021-10-01

Underlying:
UPST

Option Details:
1OCT21 295P

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?:
B;
Okay put; could have caught earlier; we were heading into oversold conditions so higher prob of reversal; which it eventually did; Timing a little later than wanted

Position Sizing:
Good;
Shouldn't have played 0DTE!

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