WW Trade on May 3, 2019 09:59 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

Consolidation Squeeze Play above pm high on ER beats!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength


Set-up : Consolidation Squeeze Play
Symbol Name: WW
Side : Long
Size : 30
Entry : 24.030 / 23.99
Takes :
Exit : 23.5
P/R :

Comments: I have chosen WW due to gap in pm and earnings. Nice triangle and consolidation below pm high. I have traded the break-up of pm high but the stock didn't perform. A mistake I have to remark has been to the fact that I have changed my stop level cause I have seen that the red candle on the 1 min chart after my entry completely covered high and low of the previous one. This didn't give me confidence on staying in the trade. I took a loss. Second remark is to my second entry. I wanted to anticipate the breakout spotting a good price, but it has been a mistake cause the stock turned back again against me. For capital preservation I have closed the position once my max loss per trade was reached. Besides all I had a wrong attitude that I usually don't have.
I am facing a particular moment lately. For the first time since I have started I want to make money. I am now 7 months trading small sizes trades and it's like I am losing patience.
I will sit tight and carrying on my project of becoming a profitable trader. This can take all the time that it will need and I won't be here forcing anything!
Let's keep it up and be positive, things might change in the good soon!!


Execution detail:

Date/time Symbol Side Price Position
2019-05-03 09:59:44 WW buy $23.990 long
2019-05-03 10:00:06 WW sell $23.750 0


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