FCEL Trade on Mar 9, 2023 09:30 from kgauvin25: Tradervue User Stock Trades.

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kgauvin25

 

Market
- chop city yesterday and flat this morning as a result of higher than expected Jobless claims --> More people are unemployed than expected --> market loves
- levels stay the same, and I think we do not actually have any economic data which is nice lol
- IWM $186 remains key to confirm ST bear market with $SPY being below 400 and QQQs about to test 195
- So if IWM gets below 186, QQQ below 295 and then all indices confirming better off being short for shorter term momo
- Levels
- Above 405 and IWM Above 192 stronger buy
- Above 405- buy
- 400 - 405 cautious buy
- Below 400 - cautious short
- Below 400 and IWM below $186 Short
- More of ST bear market waiting for confirmation, but main focus off the open has to be names in play

$FCEL - fuel cell - Equipment - Industrials

- 7/10 Earnings - Beat EPS, Beat Rev, No guidance
- ATR.22, AV 11m, 14% SI
- Daily IF Above D8, 3.6 (6/10 Level) r2 3.8, 4, 1 ATR Extended
- 5 cents away
- Not a day to be greedy

- Pretrade:
- Was number 1 name off the open as was opening closest to its level (like 4-5% away) vs $VET which was 25 cents away (25 cents risk for $14 stock is a lot larger) so very good job choosing $FCEL ---> important note though in real time I went with $FCEl cuz closer not recognizing how much $VET was away from its trigger level rel price of stock

- Execution
- So off the open pulled back slightly 4 cents risk, did not get buy stop in quick enough so up ticked in
- Did not realized slippage hurt me
- I then did not follow 9 cent rule AND did not base risk cover based on avg executed price
- So my 1:1 kick was sooner than it was suppose to be
- Then I covered more at 3.8 and some at 3.9, and then only left with piece by time it got to 4
- Massive 105k seller came in and hit this down
- Could have been hidden liquidity
- Has traded about 14m shares at that point so 105k seller did not mean much
- I thought about getting out in front of him, as had already caught big enough move but did not
- Just could not get a pivot like I wnated
- raised last stp to 10am low (not confimred) but due to poor execution and got stopped last piece here

Pros

1) Recognized this name
was closest to trigger
level
2) Recognized quickly very
small risk and so took more
shares approriatley

Cons
1) Slightly late so got worst
entry
2) Entry gave 3 cents slippage
that gave me > space risk
than planned

3) 1:1 (2) ---> Not correct price
based on executed entry &
not at least 9 cents ITM

Takeway:
- When upticking in always check slippage to ensure 1:1 kick is at proper price
- When trades with less than 10 cents risk always ensure 1:1 at least 9 cents ITM
- Afterwards IWM lead the market down
- IWM below $186 signaling best tp be short which is also why I am comfortable with a ti


Execution detail:

Date/time Symbol Side Price Position
2023-03-09 09:30:09 FCEL buy $3.630 long
2023-03-09 09:30:09 FCEL buy $3.630 long
2023-03-09 09:30:09 FCEL buy $3.630 long
2023-03-09 09:30:09 FCEL buy $3.630 long
2023-03-09 09:30:09 FCEL buy $3.630 long
2023-03-09 09:30:09 FCEL buy $3.630 long
2023-03-09 09:30:38 FCEL sell $3.680 long
2023-03-09 09:30:38 FCEL sell $3.680 long
2023-03-09 09:30:38 FCEL sell $3.680 long
2023-03-09 09:31:53 FCEL sell $3.790 long
2023-03-09 09:35:36 FCEL sell $3.890 long
2023-03-09 10:21:23 FCEL sell $3.670 0


Comments

2023-03-10 09:25:40
 

Dude, that's a nice trade.

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