DOCU Trade on Sep 9, 2019 11:44 from beno: Tradervue User Stock Trades.

Big Picture
- Market very nervous about China trade war, election and current overall health of economy
- Holding above 282-294 range at 299

Markets Intraday
- PM: SPY consolidating in quarter point range between 299 and 299.25
- Morning: 50c range consolidation between 298.25 and 298.75
- Afternoon: SPY broke down to 297.25 at noon, slow uptrend all afternoon

Technical Analysis – Long Term
- No LT trend, consolidation between 35 and 60
Technical Analysis – Intraday

• Earnings released: o "Revenue increased 41% year-over-year o Subscription revenue increased 39% year-over-year o Professional services and other revenue increased 72% year-over-year o Billings increased 47% year-over-year"
• Opened strong and blew past previous days high
• Started intraday pullback at 11am

Original Plan
1. IF OD is down, look for support at S1-S3 (56.5, 55.5, 54.5) and long
2. IF S3 (54.45 fails to hold, Short a retest of S3 from below
3. IF OD is up, look for a pullback to S1

Execution Notes
DOCU had 3 up-legs that gradually got smaller and at 11am it began to pull back. I was looking for a good area to get long and I was eyeing the mornings consolidation range above yesterday's high to get in. I placed my order for 58 and got filled, my stop was at 57.79 for 2 units of risk (2R). I got stopped out at 57.78 shortly after. Perhaps I should have been more patient and waited for the price to potentially hit the bottom of the range and enter near 57.3 which was yesterdays high.

Grade Questions

Did I follow my plan? (yes/no/with mods): with mods
Which modifications?: didn’t buy at yesterdays level but instead at a consolidation high above yesterdays high
What justified the modifications?: Consolidation created a nice technical level to trade against so I used it.
Did you hold a core position until you noticed a reason to sell?: Yes
Were your executions goods? yes

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