BA Trade on Apr 4, 2019 09:33 from shefmcoy: Tradervue User Stock Trades.

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shefmcoy

 

ATR- 10.62
Avg Vol-7.05M
Shares-563M
Short-0.86%

Big Picture
A Bunch of news out about this stock.. apparently it has been concluded after investigations that the crew was not responsible for the crash and that the followed all procedures.

Intraday Technicals
Stock ran up hard to tap the 400 mark before selling of back down just under 390. Giving us a wild range and increase in volatility. Holding under 390 and validating this as an inflection zone. I will go long over this Zone and short below. I will wait for range and price action to set up for predictable move.
382 is first support level followed by 386

Reading the Tape
I jumped the gun. I read too much into the time and sales and thought I saw a seller holding at 389.45 once we broke 390 I stopped out. I did not take proper shares size here and took big loss as i did not compensate for the spreads and lost a lot as i had to stop out on the offer. Also there was news coming out on this stock every 5 minutes so a bit to much gambling. I never waited for confirmation around my levels nor did i give the the respect that they deserve. Had I been able to keep my rational pre-market plan in focus then i would have never taken this position. In fact i should have been going long on the strong break through 390

Trade Review
I should have been a lot more patient and waited for a pattern to form of at least more of a sign of weakness under the 390 lvl or realized the stocks strength and gone long over 390 like i had stated in my plan

Trade Review
Did you calculate proper share size and technical stop loss level?
no

Did you have patients and fight for the best price using the tape?
np

Did you trade with the overall trend of the stock/market? If not the did you take profits early to reduce risk accordingly?
no
F


Execution detail:

Date/time Symbol Side Price Position
2019-04-04 09:33:53 BA sell $388.330 short
2019-04-04 09:34:28 BA sell $389.490 short
2019-04-04 09:35:15 BA buy $390.680 0


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