FB Trade on Apr 9, 2019 09:55 from kerobo0000: Tradervue User Stock Trades.

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kerobo0000

 

Rationale / reasons for entry:

-strong opening drive on strong volume
-catalyst: morgan stanley raises price target to $195
-found support at HVN on prior day
-stock continued to make higher lows until approx 1:20p (when it broke out of consolidation box to the downside, then broke VWAP)

Review:

-reasons to exit should have been on a break of consolidation zone to the downside
-market started to drift lower at approx 12:15p, this could have been a sign to continue scaling out while FB was in consolidation box
-on days with poor internals and risk-off/slightly on sentiment, go lighter on position size (which I did), but also look to take bulk of profits, much much earlier (ie., before lunch time), unless there is very strong catalyst

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Execution detail:

Date/time Symbol Side Price Position
2019-04-09 09:55:47 APR18 19 175 CALL buy $4.250 long
2019-04-09 10:11:20 APR18 19 175 CALL sell $4.970 long
2019-04-09 13:30:20 APR18 19 175 CALL sell $4.600 long
2019-04-09 13:31:36 APR18 19 175 CALL sell $4.550 long
2019-04-09 13:33:21 APR18 19 175 CALL sell $4.370 long
2019-04-09 13:33:37 APR18 19 175 CALL sell $4.340 0


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