ROKU Trade on Aug 13, 2019 10:00 from kerobo0000: Tradervue User Stock Trades.

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kerobo0000

 

Daily Report Card:
-morning prep: 10/10 (got thru all my prep with 2-3mins to spare, consciously took some deep breaths as well)
-distractions/distracted: 0/10

Rationale:
-gapping up +2.6%; outside normal range of gap ups
-no news catalyst, but today is Day 4 after earnings announcement

How much risk should/did I take? 1,128 (8% of NLV); appropriate, but could've increased position size (risked $1 in the equity, which equates to 20c-30c on 6 lots, which is equal to just over 1R [1R=$175 based on NLV]); had room to double position and stay within risk limits

Recap:

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How could I have traded this better?
-better trade management; need to take first of 30% or $1 target then take remainder off at potential target (with stop just under B.E.)
-this trade could've been a nice winner had I held to target (~360) but if I held past target options ended up doubling (not a realistic expectation for today since I was trading against the market trend)

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Gain/loss relative to expected gain/loss:
-gain smaller than expectation


Execution detail:

Date/time Symbol Side Price Position
2019-08-13 10:00:12 AUG16 19 135 PUT buy $1.880 long
2019-08-13 10:45:03 AUG16 19 135 PUT sell $2.110 long
2019-08-13 10:48:24 AUG16 19 135 PUT sell $2.300 long
2019-08-13 10:51:31 AUG16 19 135 PUT sell $2.180 long
2019-08-13 10:55:34 AUG16 19 135 PUT sell $1.930 0


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