HAL Trade on Apr 22, 2019 09:43 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

From trading prep
“IF the stock has traded off the 31.25, take a long with a stop at 31.”
So, I worked the plan. But, I did not wait for price discovery. This would have been a good trade if it was an intended scalp. However, I did set the buy at a time when I did not think that it would get retouched. So, there was never a plan not to hold this back to vwap or the opening.
I felt good about how I entered this. It was part of the plan and if my morning thesis on HAL would have been right the risk vs reward was set up well. The earning report seemed good enough to keep this stock above yesterday’s close.
I felt good about the stop. It felt is was far enough away to let the trade play out. However, the chart did signal that this pull should have been for a shorter term when it bounce off the MA and VWAP twice at the opening.
At about thirty minutes into the trade, the chart gave me a pretty good idea that it was not going to work, at least not to my profit target. AT that point, I think I should have take the trade off. I got confirmation on the next candle and still decided to let it play out just in case 31 held.
On any trade, that is not a scalp I need to wait until 8:15 or 8:30 and to get a little more information. I am apparently not understanding what all affects the price after an earning report. I have noticed on Stocktwits that I am not the only that is a little confused by the weakness here today. So, that helps comfort my wrong thesis.


Execution detail:

Date/time Symbol Side Price Position
2019-04-22 09:43:35 HAL buy $31.250 long
2019-04-22 10:22:18 HAL sell $30.950 0


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