LBTYK Trade on Jul 19, 2019 09:41 from beno: Tradervue User Stock Trades.

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beno

 

Plan: I followed my plan and I feel like I traded this well considering that it didn’t really trend in one direction; it just consolidated all day

Details: I bought tier 1 when it was consolidating above the 17.5 level. I got stopped out because of the leg down in the morning. It actually broke the 27 level and traded lower towards 26.75. I noticed this was a S/R level from the previous day as well. I modified my plan slightly and traded long off of this level instead of 27.

Things I did well: I stopped out in the morning and cut losses early to avoid the initial down leg.

What I didn’t do well: I completely forgot that 27.7, the high of the day, was yesterday’s high. If I would have remembered that I would have changed my plan and waited for the price to break above yesterday’s high. This wouldn’t have changed the second part of my plan however.
I should have added a tier after it got back above 27 and consolidated for two minutes.
I also should have sold a tier at the top of the second move up and added one after the pullback to 27.15.
I would have sold both tiers after I saw the amount of time it spent at consolidating at VWAP.


Execution detail:

Date/time Symbol Side Price Position
2019-07-19 09:41:53 LBTYK buy $27.600 long
2019-07-19 10:03:11 LBTYK sell $27.432 0
2019-07-19 10:20:00 LBTYK buy $26.810 long
2019-07-19 10:42:23 LBTYK sell $27.072 long
2019-07-19 11:41:08 LBTYK sell $27.152 0


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