TNA Trade on Mar 7, 2023 15:02 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Daily Setup: Bounce on daily support
Intraday: No setup, could argue the extension on the 15 and higher time frames, but no clear reversal setup

Long near support level w/ DO callout. Sold 1/3 near last pivot high for the 1:1. I was thinking I should cover more sooner due to the market weakness, glad it worked. My thinking was to hold larger size for a larger move and there was really good support on the daily. Second sell @ 37.7 s/r level, which I moved closer with the close coming soon. Closed all before close.

Layers of probability: Big daily support, extension on 15 and higher time frames, EOD bull run has been common

Entry: 36.8-37.2 area
Stop: below $37, then moved to LOD once risk covered
Targets: Most recent pivot high, then 37.7 base, moved as close got closer

Successes: Low risk entry w/ appropriate size, targets at logical levels, great daily setup
Areas to improve: I was watching for an intraday candlestick setup, but went long when DO called the long, I didn't see the setup. I do see a doji on the 15 now, but did not while trading.


Execution detail:

Date/time Symbol Side Price Position
2023-03-07 15:02:00 TNA buy $37.270 long
2023-03-07 15:16:00 TNA sell $37.460 long
2023-03-07 15:37:00 TNA sell $37.600 long
2023-03-07 15:39:00 TNA sell $37.690 long
2023-03-07 15:58:00 TNA sell $37.440 0


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