GOOGL Trade on Apr 17, 2023 09:41 from Dandres: Tradervue User Stock Trades.

PREMARKET
- Found on the bear bull premarket watchlist scanner.
- Catalyst: News article reported that samsung might ditch default google search engine for bing on their devices.
- Gap-down >2% premarket.
- ATR: 2.74, Float: Mega Float, Premarket Volume: >1 mil, Price Range: 105, and ETB.
- Good price action premarket, good movement around the VWAP too.
- Max could afford 95 shares at 2% risk.
- Plan A: If stays below the VWAP level after 5-10 min OR, short near the VWAP to the downside level target of $102.30 (might have been too far), the stop would have been a level of candle support above the VWAP with entry near the VWAP.
- Plan B: If the price claims above the VWAP wait for confirmation on the 5 minute move upwards with a stop below the VWAP at a distinguishable support level.
OPEN
- Price surged up right away and broke the VWAP. I dont want to trade before the OR breaks down so I just sat on my hands.
- My first trade of the day was accidental, I was trying to short after the 10 min with a limit order that I sent by accident before adjusting the price level, I flattened the position right away and luckily didnt lose anything.
- I was waiting for the patterns to develop and give me confirmation for either one of my plans since my main plan A did not resolve.
- Around the VWAP I was watching the break of VWAP with the higher highs and higher lows developing on the bull candles, I went long 40 shares very close the VWAP $105.06 (i was planning to add remaining, on the way up I should look at 1 min candles for the adds) and rode it up until it was hitting the opening highs again, I sent market sell order around $105.68 but got hit with some CRAZY slippage 20c below, FUCKIN ANNOYING. I think this might have to do with the route (keep this in mind). For this reason I think Im going to start to prefer market limit orders.
- Later in the day the price was approaching the $105.70 daily level and then was moving above it with some ATR left to go, so I jumped on the trade to move up to possibly $107.80s, stop around the high of one of a two double top candle previously before that move. I think my mistaking is thinking that stock will move that much of their ATR every day. I think I should aim for half of their ATR as a safer bet and if they do end up moving higher past that then great.
- VWAP honestly has been working better for me in the mornings im noticing, before 1030AM, after that the patterns just die down.
- All in all, I actually would have ended the day at $2 loss since that one accidental trade in the morning put me up $14.
REFLECTION
- The good: I did some good planning before the market opened, it helped me with planning what to do. Maybe I should make a template so I know what to write. I think I waiting at appropriate moments to hop on the trade with some logical thinking. My first trade ended up working for me well, the slippage messed it up 20c, thats a lot. I entered small with plans of adding, im just not quick enough yet I guess. Hotkeys are really a necessity, its hard clicking multiple times to make a stop loss order while also trying to add or take profit off the table on TS. First profit target to the upside was reasonable, profit target to the downside was too extended.
- The bad: I wanted to make more and for that reason, over stayed watching the market and even made a trade around 1130 when I knew volume and moves might now be feasible. Also, accidental first order of the day.