STZ Trade on Jun 28, 2019 09:33 from Cklamb: Tradervue User Stock Trades.

Trade Review
STZ
Intraday Fundamentals
Earnings report beat by .14c and they raised full year guidance by almost .20c. reiterated growth and raised their expected flow target.
Constellation Brands (STZ - Get Report) posted stronger-thane-expected first quarter earnings Friday, and boosted its full-year profit outlook, as the Corona beer maker continues to reap the rewards of selling its low-end wine brand portfolio for around $1.7 billion earlier this year.
Big Picture
The main headline is about the upcoming meeting at the G-20. The futures are positive as the east coast comes online.
Technicals
This stock is in a longer term down trend with the most recent trend being positive since marking a 52week low.
The last few days have been positive with some buying heading into the earnings report. Yesterdays trading was a strong move and raise the probability there will be some profit taking. However, this is trading above 198.50 which is key level off the weekly chart
Reading the Tape
I did not take the time to read the tape properly. I took off a level that looked like it may hold. But. Some tape reading may have led me to size down a little more or just held me out of the trade. A spread like this needed more room than I currently want to lay out there and reading the tape should dhave told me this preventing the outsized loss.
Trade Management

I got caught holding off on the quick profit because my bias was so strong that this would probably close above 200. Executed like the rest of the trades the last couple off weeks and they way that I am working trading practice this stop could have been stuck at breakeven seconds after I entered the trade. I held throughout and when the trade came back to a decent I held it again “hoping”
I needed to cut quicker here and take the loss the first time it hit 198. There is no room for hope in trade like this.