MAXN Trade on Mar 8, 2023 10:39 from Goku_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by
Goku_BOWS

 

Daily setup: Breakaway gap, ER?
Intraday: Bull flag/pullback to 8ema

5 minute flag w/ inside 5s right on VWAP/MA support. 15 still very extended and I went a bit over my risk parameters if using the pivot/VWAP for a stop. 1st target 26. Little to no vol confirmation on break. Will sell half and trail rest. 5 minute very healthy, no major rug pulls or shakeouts, not too worried about lack of big momentum and volume. It was tailing up though on the 5 breakout candles, which did add to my doubts of this working, I moved stop up at 9am, premature w/o new high being formed, mkts looking weak; low of last pivot attempt.

Layers of probability: Daily levels broke, good intraday setup, very high relative volume and strong price action considering market weakness

Entry:Bull flag w/ two inside 5 candles, break of inside high
Stop: Low of recent pivot attempt at VWAP
Targets: $26, trail last half

Successes: Good patience waiting for intraday setup and confirmation of price action.
Areas to improve: Market strength could've been a big help, do I take lower probability? Slightly too much risk

Ended up w/ a tiny gain.


Execution detail:

Date/time Symbol Side Price Position
2023-03-08 10:39:00 MAXN buy $25.520 long
2023-03-08 10:50:00 MAXN sell $25.990 long
2023-03-08 12:13:00 MAXN sell $25.300 0


Comments

2023-03-09 06:57:09
 

Great trade! love the thought process and execution

Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in