BYND Trade on Aug 15, 2019 09:41 from cgraff: Tradervue User Stock Trades.

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cgraff

 

BYND formed a very clean bear flag on the daily. Consolidating sideways with low range for 6 days + volume decreasing in the flag made for high probability of a big move soon. SPY also showing weakness after a big selloff yesterday and recession fears are becoming more and more pertinent are both good for a short thesis + everybody knows that this stock is trading way too high. When all the fundamentals line up with a clean technical pattern like this, that is an A+ setup. Been watching this one for a few days now, so when it finally broke I was ready to execute.

No real critiques for this trade. I followed my plan completely and let that last contract ride for as long as I could comfortably. My sizing was commensurate with my plan, staying between $300-$400 position size. Proud of myself for this because I really wanted to try and add to this position, but I knew that was not part of my plan so I didn't try to. This is what happens when I follow my rules + plan perfectly. Keep it up.

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Execution detail:

Date/time Symbol Side Price Position
2019-08-15 09:41:56 AUG16 19 155 PUT buy $1.770 long
2019-08-15 09:56:51 AUG16 19 155 PUT sell $4.200 long
2019-08-15 10:49:47 AUG16 19 155 PUT sell $10.300 0


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