julianlopez0421lol@gmail.com's SPY8FEB2023CALL415 Trade -12.00

Trade Detail

julianlopez0421lol@gmail.com's SPY8FEB2023CALL415 Trade -12.00

Trade Details

Published

Feb. 8, 2023, 3:23 p.m.


Status
CLOSED

Portfolio(s)


Broker

None

Asset

Option

Option Type

Call

Option Strike

415.0

Option Expiration

Feb. 8, 2023

Option Name

SPY8FEB2023CALL415230208C415

Symbol

SPY8FEB2023CALL415


Type

Long

Pattern(s)

pullback, VWAP,

Featured Image / Proof

Stats

Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $ P&L With Fees
1.04 0.92 0.0 1.0 1.04 -11.54% -12.00 -12.00

Auto-generated Chart BETA

Coming soon: Multi-time range selection, additional charts, custom settings, forex/crypto and more! Unlock with fasttrack.

Notes

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

Transactions

Date Side Amount Price Commission Reg Fee
Feb. 08, 2023 09:47:54 Entry 1.0 1.04 0.0 0.0
Feb. 08, 2023 09:49:34 Exit 1.0 0.92 0.0 0.0

MNPR -20.20

Portfolio(s): Day Trading Momo,
Last entry Feb. 22, 2024, 10:32 a.m.

AERC 0.00

Portfolio(s): Basic,
Last entry None

FRGT -12.86

Portfolio(s): Toby,
Last entry April 26, 2024, 9:53 a.m.



Back to the trade list  ⋅  0 comments have been posted.
// Trigger Modal After 5 Seconds & Check For localStorage to see if it's shown the popup in the last 60min