GT Trade on Jul 26, 2019 09:48 from Cklamb: Tradervue User Stock Trades.

GT
Intraday fundamentals
Goodyear Tire & Rubber Co.'s (GT) profit slumped as sales decreased.
Profit was $54 million, down 66% from the comparable quarter a year prior. Earnings were 23 cents a share, down from 65 cents a share.
Adjusted earnings were 25 cents a share, down from 62 cents a share. Analysts polled by FactSet were expecting 35 cents a share.
Net sales fell 5.4% to $3.63 billion. Analysts were expecting $3.79 billion.

Technicals
ADV 3.5 RVOL 1.48 BETA 1.7 ATR .44 Short 3.46% Inst Own. 89.30

Trading Plan look for a short as close to 14 as you can get it. This would set up for a trend trend trade if you are patient enough.
Reading the tape

I watched the tape as it approached 13.29 and the velocity appeared to me to be slowing. I did not see any really buyers as it came up. It did appear that the buyers had slowed on stepping up. I wonder if I see just things that I want to see on this one right now.
Trade Management

Notes:
I was looking for a short closer to 14 at the opening. I saw it stagger around 13.60 but did not take the trade before I decided to follow up on the other opening position I was interested in.
The earnings report, the downtrend, and the 52 week low lead me to believe that this would reject the 13.29 level.
I developed a plan to take this if it rejected the and started to hold below. I committed to the wick of the level breaking candle. I entered on a limit at the bid as the tape seemed weak.
I was just wrong! This is very solid, well planned trade for me.
I could have set a slightly lower stop but only about 3 cents. That would not really make the difference to adding some risk though and it gave the trade another wick above the level before the anticipated sell off
Aspect Score Poss. Notes
Preparation 9 10 I had a bias that looked like it was going to work and all the levels that I had on the chart saw some action throughout the day
Hard Work 9 10 I did take the time to look over the L2 and T&S
Patience 9 10 Considering the situation, yes. I felt this was going to go and work then or not at all.
Plan 9 10 Yes, I adapted my morning game plan to the situation.
Discipline 9 10 Yes
Contribution NA 10

Replay NA 10