Trade Journal Update – NTAP
Yesterday, shortly before the market closed, I initiated a **long position in NTPA**.
The decision wasn't based on a single candle alone. Rather, the late-session buying strength aligned with the broader conditions I look for before considering a long setup.
As always, the outcome was accepted before the trade was placed. Position risk was limited to **0.5% (1R)**.
During yesterday's session, the trade developed enough for me to move my stop-loss to **break-even**, allowing the position to continue without downside risk.
One of the reasons this asset stood out was its **relative strength** compared with the broader market (QQQ/SPX). It also presented a cleaner market structure than many of the other names I was monitoring, which made it a valid candidate according to my trading plan.
Today's gap higher is encouraging, but it doesn't change my process. The market will ultimately decide whether this develops into a profitable trade or simply ends at break-even.
I'll continue documenting the outcome as the trade evolves.
Trade fermée: ordre d’arrêt atteint
The position reached my **break-even stop** shortly after today's market open.Nothing has changed regarding my overall assessment of the asset. The underlying characteristics that initially attracted me to the trade are still present.
If another high-quality setup develops, I'll be happy to participate again.
At the moment, my focus is on **NTAP** and **BB** & few more. I'll take whichever presents the cleaner opportunity according to my trading plan.
The journal continues.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.