NVDA Trade on Mar 29, 2019 08:40 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

This was an intended Swing trade. I was working on trying a what I saw as a technical bull flag pattern. The volume did not really confirm Friday. But, this mornings open was positive sign for the position. Although, I should have taken early profits and got back in. I was planning on holding this until 185 and adding 50 to 190. This was taking away from other trading for a while and I wanted to be clean at the end of the first day of the month as the day went on. This is a trade I can add to the playbook as I understand.
I was triggered at 178.75 which was where I anticipated a test of the top of the flag. I had set a stop at 177.10 a little above the bottom side of the wedge on 50 shares. I did watch the price action gain strength at 187.13 a couple of times and should have filled out the other 50 shares on the second test on that Friday. I am struggling with when I should do this and when I shouldn’t. The real answer would be I should have watched more tape before committing to an entry. This was going to be a trade to last longer than just the morning and a little more patience may have made this even better.
There were several spots during this trade where I should have added an taken. However, I did set up a decent risk profile for this trade. I am not sure that this flag has resolved itself but the volume has let me believe I can get back into this later.
I need to work on the trade management on these plays that are meant to be held a little longer.

Positives
Solid risk profile
Good patience
Opportunities:
Fight for Price
Add when the trade is working.
Trade around a core


Execution detail:

Date/time Symbol Side Price Position
2019-03-29 08:40:06 NVDA buy $178.750 long
2019-04-01 15:07:50 NVDA sell $182.515 0


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