MDCO Trade on Sep 4, 2019 10:17 from beno: Tradervue User Stock Trades.

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beno

 

Big Picture
- SPY in 282-294 range since beginning of August
- Market very nervous about China trade war, election and current overall health of economy

Markets Intraday
- SPY trading at top of range, from 293 to 293.5
- Morning: SPY slowly trending down, straddling below VWAP
- Bottomed at 292.3 and trended higher back towards high of range

Technical Analysis – Long Term
- Consolidating between $20 and $40 for the bigger part of the last 5 years
- Has been in uptrend since the beginning of the year

Technical Analysis – Intraday
- Had big OD going up almost 3 points
- Blew past $47 on the way down but was showing support at 46 and bounced from there

Original Plan
Long on bounce from 43.75 or 46.
Long on hold above 47 or 48

Execution Notes
I waited for 46 to show support then jumped in.

Grade Questions

Did I follow my plan? (yes/no/with mods): yes but with mods
Which modifications?: I accidentally sold entire position at 47, wanted to hold all day with half ATR stop below 46
What justified the modifications?: accident
Did you hold a core position until you noticed a reason to sell?: no
Were your executions goods? yes

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


Execution detail:

Date/time Symbol Side Price Position
2019-09-04 10:17:48 MDCO buy $46.000 long
2019-09-04 10:43:42 MDCO sell $47.000 0


Comments

Gravatar alva
2019-09-05 14:18:32
 

Nice play :)

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