DRI Trade on Sep 19, 2019 13:23 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

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

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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


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