julianlopez0421lol@gmail.com Long /MES $82.59 (0.10%) on Tradovate in Juli Futures Jun 6, 2023
Entry CPU 4,274.50 Max Cost $8,549.00
Exit CPU 4,278.94 Open Value $0.00
Max Qty 2 Current Qty 0
Fees $6.16 Dividends $0.00
Commissions $6.16 Net P/L $82.59
Reg Fees $0.00 Net % 0.10%
Portfolio
—
Guide
Underlying $— Option mark $—
Notional $— Notional lev. —
Δ per $1 — Premium / 1% —
IV — vs Theo —
Skew — Term —
Earnings — DTE —
Option exposure loads after first paint.
Trade media

No media uploaded for this trade yet.

Chart & fundamentals available when signed in

Sign in to load live charts, stock fundamentals, and SEC filings for this trade.

Sign in
Notes

 

Thesis: Get Long above 4134 which is a key level and I would not like to see it act as resistance

Market Context: We sold off below 4134 but my ideal play is always a retest. However I noticed strong buyingn at the lows (4170) and sellerstrying to push lower but would get bought up. Where/Why did I enter: I actually took two trades. First trade I took a trade speculating strong buying above 4134, however we broke above it with strong buying volume but no continuation which is a red flag in my book (do not want to be a trapped buyer). My second trade when we pulled back at 4134-4130. I loved the volume which was represented in these areas and there was a lot of buying as well (delta column). I took the trade @4135 with a 3 point stop loss which is my sweet spot for risk.

Where/ Why did I exit: I exited at my 4185 level which has shown to be a level of support that turned into resistance. I sold 1 contract at the top once we hit it and sold another one once we saw that we could not break above. There was a lot of liquidity at this area as the ask built up the closer we moved to the level.

How can I improve: Honestly I think this was a textbook trade. There is always room for improvement when it comes to trading but I believe this trade was a flawless one which I give a pat on my back for. Perhaps I could have sized up due to the confidence in this trade and this is something I could learn from. Believing more in my trading capabilities.

What I did well: Held to my target. Biggest flaw with my trading as I feel like I go with the motto "Green is green" but for this trade I held to my target. Also patience was really good here as I waited for that pullback.

Confirmations: Strong Buying, Pullback, Huge ask at TP level, Respect of my key level

Entry: 4175 Stop Loss: 4172 Target: TP 1 4185; TP 2 4190 Take profit: 4185 RR: 1: 3.334

Transactions
5 entries
Sort Date Side Amount Price Commission Exchange / SEC Current amt Current value
1686046316 2023-06-06 10:11:56 Exit
1686046305 2023-06-06 10:11:45 Exit
1686045491 2023-06-06 09:58:11 Entry
1686044915 2023-06-06 09:48:35 Exit
1686044489 2023-06-06 09:41:29 Entry