GM Trade on Sep 18, 2019 09:52 from beno: Tradervue User Stock Trades.

Big Picture
- SPY Hovering near ATM (302), having hard time breaking level
- Saudi Aramco attacks causing volatility in oil prices, production back by end of September
- Lingering fear of US/China trade war
- Fed announced next rate cut will be 0.25%

Markets Intraday
- PM: Small uptrend from 300.20 to 300.60
- Morning: OD down then strong uptrend
- Afternoon: SPY broke down to 298.30 when FED meeting started
- End of day: SPY had huge up move, moving $3 up back to 301.30

Technical Analysis – Long Term
- Consolidation between 32 and 42 this last year

Technical Analysis – Intraday
- Day1: Gap down $1 on strike news and faded all day, bottomed at $37
- Day2: Strong uptrend all day

News / Catalyst
- UWA (union auto workers) strike against GM, first time since 2007
- Temporarily laid off 1400 Canadian workers due to slowdown caused by UAW strike

Original Plan
Buy at important supporting level and play for a gap fill / trend continuation back to 38.80.

Execution Notes
I got long after the morning OD pulled back to the HOD on the first day. I got filled at 38.15 for 2 lots with a stop at 38.05 risking 1R. I gave it substantial time for it to break out but it looks like its stuck in a range (with the overall market) so I sold half of my position at 38.26. I’ll play the range until a break occurs. I was about to buy back my first lot but I saw continued weakness in GM and in overall market (SPY) hence my stop got triggered at 38.05.

Review
I liked how I sold half of my position because of the time we spent in a range (Reason2Sell).
We consolidated above the first two days range, we could still fill the gap tomorrow.

Grade Questions

Did I follow my plan? (yes/no/with mods): yes
Which modifications?:
What justified the modifications?:
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)