SQ Trade on Aug 2, 2019 09:30 from Cklamb: Tradervue User Stock Trades.

SQ-
Intraday Fundamentals
• Shares of electronic payments company Square Inc. (SQ) are falling in Thursday's after-hours market, after it gave guidance that was lower than analysts anticipated.
• At 5:36 p.m. ET, the company's shares had lost 5.22% in the after-hours market, to trade at $76.75. Volume after the bell was almost 2.5 million shares.
• After the bell, Square reported a second-quarter loss of $7 million, or 2 cents a share, on revenue of $1.17 billion. It said third-quarter revenue was expected to be in a range between $1.13 billion and $1.15 billion. For the full year, the company said it was expecting revenue in a range between $4.41 billion and $4.47 billion.
• Square also said 2019 EBIT was anticipated to come in a range between $405 million and $415 million.
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Technicals
ADV 8.4m RVOL 1.8 BETA 3.3 ATR 2.18 Short 10% Inst OWN 70%
Daily

Hourly

Intra

Trading Plan
• Look for the spread to tighten only follow 50shares if the desk is on in the opening
• 71.44 is the overnight low half lot this if ti bounces and put the stop right underneath entry bar
• Start looking for shorting opportunities at73.50 and 74 for scalps
• A flush to 70 on the open should be solid ground stop below the entry candle
Reading the tape
The tape was fast a furious. I got focused on the candle setting up and thinking about the risk outlay
Trade Management

Trade Review
• I wanted to long this out of the gate looking for a gap fade trade
• I needed to be more patient.
• My plan was to put the stop under the entry and felt the need to give it a full point.
• I was sized down but the risk was still heavy for my conviction.
• When this almost stopped me out at a full point, I was looking bail as close to break even as quick as I could.
• I got lucky!!! Next candle blew through 70. I bailed as soon as it started coming in almost 40 cents off the candle high
• An opening trade should be followed closely into the opening trades
Trade grade
Aspect Score Poss. Notes
Preparation 7 10 Well, I had a plan for a trade off of 70
Hard Work 4 10 I needed to be more focused on the tape as the market opened
Patience 4 10 I did not take enough time to follow this into the open
Plan 6 10 The plan fell apart quickly. 70 entry stop below that candle hold until 72 or MA follow.
Discipline 4 10 No… I needed to follow the tape into the opening. It may have change my bias on the last few candles
Contribution NA 10

Replay 0 10