BBAI Trade on Apr 14, 2023 09:48 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Daily Setup: Flag/range break
Intraday Setup: Flag/inside 5
Layers of Probability: Market breakout/strength, AI sector hot, Strong daily setup, volume, inside day candle trigger
Entry: Inside 5 and up candle
Stop: Low of inside 5, 3.11
Targets: 60% to cover risk, 10c increments

Thoughts/Thesis/Notes during the trade:
AI has been running the past day or two with random names giving good runs. Had on watch at the open for a break of the inside day candle, watched for a couple minutes and it seemed weak with no volume and fading. I pulled up another chart to watch and when I checked back volume had increased dramatically and broken the inside day high. Too far gone to enter so I waited for a secondary setup with the inside 5 candle. It was a bit extended but a high momentum name so I took the risk. Also realized after the fact that my stop wasn't appropriate since the 8EMA had not caught up and I was susceptible to getting shaken out and the trade still working. For this reason I used 60% of my position to cover risk a bit sooner. Several addbacks that worked, one that didn't.

Areas of Success: Followed my plan, set my orders and let the trade do it's thing
Areas to Improve: Maybe set alert or keep on watch. Just unfortunate I did not get the earlier entry at 3.03, oh well.


Execution detail:

Date/time Symbol Side Price Position
2023-04-14 09:48:00 BBAI buy $3.330 long
2023-04-14 09:50:00 BBAI buy $3.250 long
2023-04-14 09:54:00 BBAI sell $3.450 long
2023-04-14 09:55:00 BBAI sell $3.550 long
2023-04-14 10:08:00 BBAI buy $3.300 long
2023-04-14 10:17:00 BBAI sell $3.450 long
2023-04-14 10:24:00 BBAI buy $3.300 long
2023-04-14 11:03:00 BBAI sell $3.120 0


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