IRNT Trade on Feb 28, 2022 08:37 from BanalityOfEvil: Tradervue User Stock Trades.

PLAY
IRNT – OPENING DRIVE
CATALYST
Cybersecurity issues trending last week
TRADE IDEA
Sector strength will continue given Ukraine crisis
SETUP QUALITY
C
BIG PICTURE
• SPY gapped down in premarket but found support early
• VIX @ 29
• IRNT following similar premarket support pattern from Friday
• Rvol 3x
• Atr .77 MID Float 34M

PLAN
• get long on premarket low, support, hold into opening price discovery, expecting a pullback on the opening prints, adding on the open for a break through $7.
• Sell 80% @ target
• Hold 20% as a runner
• Stop is low of opening range
EXECUTIONS AND PRICE ACTION
@8:40 feel @ support
@9:37 add at opening support
@9:47 took stop
KEY TAKEAWAYS
• this chart was dog shit, should have avoided