GLW Trade on Sep 17, 2019 09:31 from Cklamb: Tradervue User Stock Trades.

GLW
Intraday Fundamentals
• 03:53 AM EDT, 09/17/2019 (MT Newswires) -- New York-based Corning (GLW) said Monday it reduced its Q3 and full-year expectations for its display technologies and optical communications segments.
• The New York-based company, which specializes in specialty glass, ceramics and related materials and technologies, is scheduled to report Q3 results on Oct. 29.
• For the display technologies segment, Corning lowered its Q3 display volume guidance to be sequentially down by a high-single digit percentage. For full year, display glass volume is expected to be slightly higher and to outperform the overall glass market.
• For the optical communications segment, Corning expects a low-teen percentage decline in Q3 sales, year over year, compared with the previous expectation of a low-single digit percentage decline. For full-year 2019, the company expects sales to be down 3% to 5%, compared with the previous expectation of a low-to-mid-single digit percentage increase.
• Carrier and enterprise network sales are both expected to be down year over year in H1 2019. The company does not expect any changes in full-year 2019 glass prices.
• Lowered guidance on 2 of 5 segments and only maintained guidance on the other three
Technicals
ADV 5.48 RVOL .51 BETA 1.18 ATR .69 Short 2.89% Inst Own 74.10%
Weekly

Daily

Hourly

Intraday

Trading Strategy
• 26.80 is support coming off the the weekly and should be strong, if this drops look short with a stop at 27 and target 25 (should be able to go full load)
• Short if this pushes close to 28 at the open, take a smaller load, plan for 35 cents risk if you can trigger around 27.80 or higher stop 28.10 to 28.15 target 26.80 to 26.50
• Long this if it holds 27.50 or 26.80 for an extended consolidation and it starts to move higher, size to tight risk,
Reading the Tape
I read the tape throughout the day. I saw nothing much that would sway the technical levels that I had planned in the pre-market
Trade Management

Trade Review
• Good design for an opening trade, I took with a confident plan where I knew I had room to work the risk down by adding to the trade or setting a tighter stop
• I felt pretty strongly that this would spend some time around 27.
• I did however enter the wrong stop and double downed again. I am practicing execution in the off hours to try to keep this from happening
• The strength of the bounce off .50 twice is when I felt the 27 target had become unrealistic and I may be on the wrong or at the very least stuck in 50 cent range. A stop move to VWAP or break even would have prudent when I felt this.
Trade Grade
Preparation 7 10 I knew why this was moving. I had a plan that did take advantage of what I though could happen at the open. I was to ambitious on the target. I also had marked the most in play areas mapped out on this
Hard Work 6 10 I worked the tape a little bit at the open. I waited as it did not spike or trade as erractically as I expected and recalculated the best way to look for a break down to 26.80
Patience 5 10 Yes
Plan 7 10 Yes actually…
Discipline 8 10 Yes… I missed a move. I may not have made in trade adjustments to new pivot point above 27.80