AVYA Trade on Aug 21, 2019 10:00 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
- Longer term downtrend since last year
- Falling top line revenue last 5 years

Technical Analysis – Intraday
- Broke above important $14 resistance this morning
- Rumours of CDR bidding $16.5 for the company
- Rumours that other companies (Mitel) are interested in take-over

Original Plan
1. IF first move is down:
a. Look for tape to slow down at 14 with stop at 13.9
2. IF first move is up:
a. Get in when 14 holds and first 5-minute candle open and closes above 14

Execution Notes
I got in when the 14 held in the morning on a pullback from the morning high. Got in at 14.19 for two tiers with a stop at 13.91 risking 28cents (or 3 risk units). Stock has been consolidating above 14 all morning, still holding entire position. Stop got triggered and I filled at 13.93. Stock has been in slow down-trend since strong open.

Grade Questions

Did I follow my plan? (yes/no/with mods): with mods
Which modifications?: waited for pullback to get in
What justified the modifications?: explosive up move, didn’t want to but into strength
Did you hold a core position until you noticed a reason to sell?: yes
Were your executions goods?: yes

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