UTX Trade on Jul 23, 2019 14:14 from Cklamb: Tradervue User Stock Trades.

UTX
Intraday Fundamentals
This started the day on solid earnings report with a raise in the full year guidance. The also beat revenues. There was also some need later in the morning for the CFO to defend and acquisition of Raytheon.
Technicals
ADV 8M RVOL 2.29 ATR 2.13 Beta 1.2 Shrt >1% Inst Own 83%

Reading the tape
I did watch this stay strong as it consolidate above vwap and above 135.50 level. The tape kept holding 135.50. After I entered the trade, I watched the buyers push into the .65 area and quickly reject I watch this action throughout my initial position. It did start to push lower and lower all the way up to stopping me out. The same type of hold started again at .45 and then again .50
Trade Management

Notes
• VWAP consolidation play that had a better risk profile
• I played for the first break in a manner that should have set the stop at.45, or I could have held for the a retrace of .50 where I had been seeing strength giving a more reasonable stop below vwap
• The second trade was great entry and bad exit from managing the prior loss. I could have move to risk off at .60 and held until 135 like the plan was for the consolidation play
Aspect Score Poss. Notes
Preparation 6.5 10 I was aware of why it was moving and the opening price action, I did not lay this out premarket though
Hard Work 8 10 This took some tape reding and I still missed a signal
Patience 8 10 First trade entry was rushed, I did wait for break of the range.
Plan 4 10 For the short term I had a plan on trading this but not as well thought out as it needed to be
Discipline 5 10 Limit in!!
Contribution NA 10

Replay 0 10