MNQM3 Trade on Apr 25, 2023 16:07 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Daily Setup: NA
Intraday Setup: Earnings overshoot
Layers of Probability: None
Entry: Wait for initial runup of earnings (MSFT GOOGL) and catch the retracement
Stop: High of runup candle
Profit Strategy & Targets: Scalp, 1:1 vs HOD

Thoughts/Thesis/Notes during the trade:
This has been a consistent trade setup, albeit quite risky. After earning release and the stock makes its initial runup, it usually retraces, whether for a pullback before pushing again, or just time correcting. The QQQs/MNQ traded up on MSFT and GOOGL earnings and I went short vs high of the first 5 minute candle. I was entering my cover and it ticked my target price and bounced a bit. I stuck to my plan and kept the target there even though a lower probability of getting filled now.

Areas of Success: Held original target, stuck to plan. Good discipline even if not the best trading strategy
Areas to Improve: Quicken order entry
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Execution detail:

Date/time Symbol Side Price Position
2023-04-25 16:07:10 MNQM3 sell $12920.50 short
2023-04-25 16:18:14 MNQM3 buy $12895.75 0


Comments

2023-04-26 15:41:59
 

Well played!

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