BA Trade on Apr 2, 2019 11:03 from shefmcoy: Tradervue User Stock Trades.

Ticker BA
ATR 10.9
Shares Foat 570m
Short Float .86%
RVOL 1.08

Big Picture
Spy has been at the highs, flirting with the 286 level throughout after-market and pre-market trading hours. Spy has been showing strength since Sundays after hours gap up through 282..suggesting confirmation of bullish significance. Qs are a bit over extended but poised for breakout of the 183 area. IWM is testing the downward trend line breakout at 154. Overall cautiously bullish to short term short as there is little in the way of significant catalyst to move market higher.

Intraday Fundamentals
BA has had both good and bad news recently. A Canadian airline recently released news about more 737s being grounded. Also the FAA said something about the problem with the planes possible being fixed soon.

Long Term Technicals
Stock has finally been showing some signs of a follow through on a bounce after major panic sell-off from the highs after the plane crash a few weeks back. After move up from the lows of 360, stock broke through resistance range at 380 and closed above 390 yesterday. 390 appeared as a possible inflection zone with room to 400 overhead and 380 below.

Intraday Technical
The market began to sell off in a panic with large red candles and room to the downside. I decided to look for a short and picked BA because it was at the highs from a bounce and showing signs of weakness.

Trade Management
I shorted at the lows because the market had just started to sell off. I actually added as the trade went against me, averaging down (something which i rarely ever do)

Trade Review
This was not a great trade simply because i chased with full share size and then was forced to add as the trade went against me. Yes this was a very high probability trade because the market was selling off heavily but i would have taken a big loss had this trade gone against me. I could have done a better job covering at the lows especially after i added on that beautiful little short pop. But overall once again, i need to cover the vast majority if not all of my position when stock shows support like this, i can then either size back in on a breakdown, short a pullback, or go long on a reversal

Report Card
C-
Too much risk, chasing at the lows with full share size