SNAP Trade on Apr 25, 2019 09:54 from FrankDumaresq: Tradervue User Stock Trades.

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FrankDumaresq

 

Stock: 2nd day earnings
Setup: Pull in short to Y-Low / 786 (counter-vwap)
Size: risk off 11.08, stop 3c, risk $100 = 3500 shares
Activator: 5m inv hammer rejection with volume off of Y-Low / 0.786 retrace from morning drive
Fight for Entry: Entered half at Y-Low and half 2 ticks below. Bid was weaker than ask for both entry halves.
Risk Mgmt and Sizing: Assumed 3c stop risking the high, $100 risk => 3500 shares
Exit: Exited half at VWAP and other half when it held above MP.
Notes:
The initial exit at vwap could've been improved / avoided by watching for price to hold at vwap before taking off size. Price didn't hold at vwap so I could've left a lot of extra size on the table for the full move.

This trade was also a counter-vwap pull-in, meaning price had reclaimed vwap at my time of entry. I am still working on these setups, and this trade is a good example of this type of pull-in entry being executed well. My entry had nearly perfect confluence with a strong intraday level (y-low) and the 786 retrace from the initial move.


Execution detail:

Date/time Symbol Side Price Position
2019-04-25 09:54:05 SNAP sell $11.060 short
2019-04-25 09:54:43 SNAP sell $11.040 short
2019-04-25 10:04:26 SNAP buy $10.980 short
2019-04-25 10:24:24 SNAP buy $10.820 short
2019-04-25 10:26:29 SNAP buy $10.780 short
2019-04-25 10:27:41 SNAP buy $10.800 0


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