DRI
Intraday Fundamentals
• I was aware that this was down on the day and a friend had been watching.
Technicals
The 122 level is the top of the range that this stock has been trading within for nearly a year. This was a purely resistance holding play that I had to watch for an hour or two to look for the break be low the level.
Reading the Tape
I read this things and watch the tape forever. 122 would not drop but it was struggling everytime around 122.25 and that starting stepping down. The offers started to be seen around .20 as it would trade around VWAP.
Trade Management
Trade Review
• I did not have fundamental edge here
• The daily led me to believe that this would close under 122 and maybe even make a move over the next few days to 114 the bottom of the year long trading range
• Partial was managed well. I needed to hold for a new local to drop the stop abd I could have close the last into 121.
Trade Grade
Preparation 8 10 I knew very little as ti why this was moving. But I did understand what the 122 level meant to this stock
Hard Work 8 10 A lot of time spent here
Patience 5 10 yes
Plan 7 10 Yes, almost perfect execution to
Discipline 4 10 Executed well here
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-09-19 13:23:36 | DRI | sell | $122.105 | short |
2019-09-19 14:07:37 | DRI | buy | $121.580 | short |
2019-09-19 14:13:14 | DRI | buy | $121.410 | short |
2019-09-19 14:13:14 | DRI | buy | $121.410 | short |
2019-09-19 14:13:14 | DRI | buy | $121.410 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!