SONO Trade on Aug 21, 2019 09:54 from beno: Tradervue User Stock Trades.

Big Picture
- Lingering fear from China trade talks and FED decision on interest rates
- SPY trading at top of 282-293 range
- Q’s are forming an ascending triangle on hourly chart

Markets Intraday
- PM: SPY gapped up $1.5, still below yesterday’s HOD (might see another downtrend day)
- SPY ranging between 292 (PM high) and 292.8, very tight range
- All sectors green, VIX/Gold red today, Silver was actually green on the day
- SPY had an inside day, didn’t trade outside its range

Technical Analysis – Long Term
- SONO broke above $12 range on daily
- Raymond James upgraded stock to $19, market reacted well to news
- Rumors / hype on new speakers

Technical Analysis – Intraday
- First move was up
- Holding above $14 level and yesterday’s HOD of 14.12 (bullish)

Original Plan
1. IF first move is down:
a. Look for tape to slow down at 14 or 13.8 then get in with tight stop below level
b. We are looking for 14.12 to break then hold above it, add when 14.12 is retested from above
2. IF first move is up:
a. Get in when 14.12 is broken and at least one 5min candle opens and closes above this level, stop at 13.98

Execution Notes
I modified my plan slightly as the first move was up but instead of simply buying when the 5min candle open/closed above yesterday’s HOD I wanted to wait for a pullback. That’s what I did and I got in at 14.2 for two tiers and placed my stop 15cents (1.5 risk units) below at 14.05. SONO ended up retracing all opening gains and bouncing from the 14 level.

Grade Questions

Did I follow my plan? (yes/no/with mods): with mods
Which modifications?: waited for pullback after 5min candle close
What justified the modifications?: Wanted to buy into weakness instead of strength
Did you hold a core position until you noticed a reason to sell?: No, I sold entire position at 14.07
Were your executions goods?: Yes

Grade: B
(1=D, 2=C, 3=B, 4=A)