PLAN Trade on May 28, 2019 09:51 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-reported earnings this morning - beat revenue and EPS estimates & and raised top-line and bottom-line guidance for the full year
-saw that this was an earnings name but the options market is not as liquid as I want it to be (50c wide spread, not a lot of OI) so I didn't add this name to the watchlist
-ended up being the only name my scanner picked up so ended up putting it on the watchlist with the plan to trade stock

Recap:
-price target was raised in the afternoon (was already out of the trade); this may have the potential to be a multiday runner

-price consolidated sideways b/t 42.90 and 43ish for minutes and it appeared buyers (small lot or could be an algo) soaked up all the sellers during that sideways move as large lots were trading at the bid
-then a lot of buying came in at $43 (consistent 100 lots and some that were 500-1200)
-note price broke out above $43 at 9:53:30 and the buying at $43 occured at 9:50
-approx 3 mins of sideways action with slowing tape

-after my entry, I didn't have the feeling at all that this one might be a loser
-a lot of buying at $44
-price consolidated and quickly began to take off

-more buying at $44 level (gave me comfort to stay in the trade)
-one thing to note here is when there is buying, you don't have to look to hard for it

-more large lots on the way up but price couldn't touch $45
-then there was a 24k seller

-there weren't too many large lots buying when price came back to $44
-then a bunch off selling occurred between 44.40 and 44.50 and price couldn't break thru the $44.50 level (more importantly, there werent any large buyers as price approached and sat at this level)
-this was were it was time for me to take the rest of my profits (so I was a bit slow to get out of the rest; got the last two fills at 43.91 and 43.97

How much risk should/did I take? took as much risk as I was able to - wanted to put on more risk

Trade Planning
-structure: equity
-major support: ~$43
-take profit price / risk-reduction plan: 1ATR / $1