NVDA Trade on Aug 19, 2019 10:34 from MarcoG: Tradervue User Stock Trades.

Consolidation Squeeze on Second Day Play above pm high on Er beats!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength

Company Description

Sector: Technology
Industry: Semiconductors

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor.

Trade Scenario

NVDA with er surprise of 6,25% just climbed 11% in the previous trading sessions (2 days) consolidating just below 100SMA. A break of such level could grant a smooth move to 172 next level of resistance

Trade Variables

Symbol : NVDA
Gap : 2.95%
RVOL : 1.7 today and avg >1.75 since er release 2 days ago
pmVOL : >500k
avg Vol: 10M
Float: 584M
Short Float: 2%
pmPATTERN : Bull Flag
Catalyst : ER beat (Continuation Day)

Technical Levels

Support: 162 158
Resistance: 165 172

Trade Plan

ER Beat by yesterday. Continuation Day. A break of 100MA level could grant a smooth move to 172 next level of resistance

Set-up : Up Trend continuation after consolidation
Side : Long
Size : 30 (smaller size on Monday trades)
Entry : 168.38
Takes :
Exit : 167.82

Comments

Bad things:
I had to wait for a pullback (It could have caused to miss the opportunity, ergo I have entered for FOMO) My stop has been 5 cents above the low. My entry was 4 minutes after the tolerated entry but the setup verified only by then.. Not considered a wider stop area even if size used could support that. Missed opportunity!!

Good things:
Entered only cause my setup really showed up. The price traded by the end of the trading session @ 50 cents from 172 level of resistance marked in pm, more then 3$ from my entry offering a wonderful price action building up a position, adding tiers.. The trade scenario figured in pm was right. It happened just that.. sigh sigh.. :( :(
Good size.
Not entered in any other setup that does not belong to my bests up to when setup showed up but didn't manage that really well. I wouldn't have traded it otherwise.

Considerations:
What to say.. The patience today holding on for setups in which I have edge is equal to my disappointment.. :(
Price held the 168 area of support testing it just 0.20$ below that. Perfect scenario. But my entry was at 168.38 thus at the high of consolidation area. If I have spot the consolidation area, why I didn't enter at the lows of that? Why I didn't find a better price to trade it? Why am I not able to enter in a position considering the area rather then the single price action on a candle?
I love this trade even if it ended red! Really!
So many points of reflection for my trading activity. So many dark areas came out by this trade! So many points of improvement by this trade!!