AIG Trade on May 7, 2019 10:00 from Cklamb: Tradervue User Stock Trades.

The stock had been holding 50.50 for quite a while and the tape was strong. I did have this as a probably pivot point for the day. The price action lead me to believe that it was going to be able to hold this level even with market conditions. As the SPY started to show some chance of leveling off I took the trade on what I felt was decent confirmation of the early hold on the level. My hesitation did cost me on the entry. If I think the level is 50.50 than, I should not enter .20 c above that. I would say that is a combination that of FOMO and momentum chasing. There are times that I want to enter as the stock starts to move away from a level. In this case, I watched the tape long enough that the entry should have been much closer to my mark.
However, it would not have mattered in this case. The action around allowed me to define risk at 50.40. I calculated what the risk would be for up to certain level for a play off .50. I entered with a little better risk than I had set up for. The price did go higher but not for long. The trade never broke even after that even though it continues to hold 50.50 and come close many of times. The trade stopped out. No matter the combinations of risks and stopped that I could have used here would have stopped out at any entry at or above the support level that had a chance to get to a new HoD. The entry needed to be better. Other than that, it was a well planned trade and the risk was well controlled. A hit here would have gotten at least 3 to one with a little better entry. But, I set it up for 2 to 1.