julianlopez0421lol@gmail.com's SPY8FEB2023CALL415 Trade $-12.00

Thesis: We had strong buying off the start but I did not want to get faked out so I wanted to wait for a pullback that would suit my R:R better. I was looking for a pullback to then scalp to 4172 which is 30 minute supply.

Market Context: We see buying start to weaken a 4164-4166 and it starts to pull back to VWAP where we see a bounce. I did not want to enter immediately after a single bounce but wanted one more pullback to truly identify it was a strong bounce level 

Where/Why did I enter: Following the bounce on VWAP, the next candle tried to push lower but the bids on bookmap stepped up and I entered a 0 day expiration call. 

Where/Why did I exit: I exited at my stop loss for a small loss. I stuck true to my level as when it came below VWAP it had aggresive selling so I did not want for it to continue lower and make the loss larger.

How can I improve: One thing I failed to notice is the /VX. It was coming to a vital support level and trying to get long at that level would have not been ideal. Next time I should consider other equities and futures to then have a solid confirmation to take a trade. Its all about the quality of the trades not the quantity.

What I did well: I did take into consideration bookmap showing strong bids and a strong bounce off of VWAP along with TSLA starting to Bid above supply. I also waited patiently for a pullback for a better R:R

Confirmations: TSLA bidding above supply, Bookmap showing strong bids on pullback, Pullback to VWAP

Entry: 4162

Stop: 4160

Target: 4172

R:R: 1:6