ROKU Trade on Sep 4, 2019 09:34 from kerobo0000: Tradervue User Stock Trades.

Daily Report Card:
-stock/market morning prep: C
-distractions/distracted: A

Rationale:
-ROKU gapping up +2.94%
-catalyst: DA Davidson maintains buy, increases price target to $185 from $135 (prior day close: 156.88)
-market sentiment was bullish

How much risk should/did I take? 2,240 (15% of NLV) & 2,490 (17% of NLV); have been taking too much risk lately, have not earned the privilege to increase beyond 10%. I admittedly did not take incorporate position sizing into stock preparation

Recap:

How could I have traded this better?
-have to be focused on the open (this will naturally occur if my preparation is A1 and I arrive at my desk with adequate time to prepare); missed extremely large bids in the order book shortly after the open
-cannot keep entering while stock is in the middle of the premarket range, have to wait for it to break above or below to increase odds of success
-i'm not allowed to double dip after stopping out; have one entry per day until I get over PDT
-I did not keep my risk in check on my initial entry or on the second entry
-need to choose option with tight spread - spread has to be <= 15cents; pass on the trade if this is not possible
-reduce target to 10-15% if the move that aligns with my bias doesn't happen quickly (if entry is good, the move should happen w/in 5mins)

-can't short a stock in a strong uptrend with positive news (market has to have very negative sentiment w/ negative catalyst for this to work)
-don't short when ADD opens +1800 & there is positive news catalyst & stock is in strong uptrend
-better job of noticing consistent bid in the order book; may increase chances of price going higher

Gain/loss relative to expected gain/loss:
-loss much greater than expected due to double-dipping after stopping out & having too much risk on both entries
-was not clear on my stop out price before entering trade