PLAY Trade on Apr 3, 2019 10:42 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

I was biased short this morning. I had a plan to gap fade this at the open did not trigger because I was looking for some move towards the 54 level resistance. It just blew down at the opening. Short on the open would have keep me within my current risk profile. It would have worked well. However, as I mentioned, I was wrapped around P$L management this morning to overcome a mental barrier.
I wanted to be extremely tight with my risk today and did not feel confident to trigger for a gap fade.
However, as planned this morning, I did get the short of resistance I was looking for in the morning notes. This trade only had 33c worth of risk on. I traded this way to small. But, see the prior P$L management statement.
This was resistance play with well defined risk. I did have the opportunity to get in a bit earlier on the short. I was playing as conservative as I could. The trade did turn against me initially. It did follow through grossing an almost 1 for 2 gain. The tape did factor in a bit on the exit, However, I have to admit that I exited more that I was close to a good RvR and nothing much on the tape or chart.
I could have and should traded the next short that presented itself with the same amount for risk off of 53.
There was also another opportunity that I am working the close above the MA and VWAP coupled with them crossing at the time. This is an intraday strategy that I have been working on when I see it. I could have followed this with a stop just below the MA for a good run.


Execution detail:

Date/time Symbol Side Price Position
2019-04-03 10:42:45 PLAY sell $53.000 short
2019-04-03 11:30:24 PLAY buy $52.366 0


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