X Trade on Sep 19, 2019 09:30 from Cklamb: Tradervue User Stock Trades.

Intraday Fundamentals
• Abysmal earnings report and guide lower
Technicals
ADV 11.65 m RVOL .97 ATR .66 BETA 3.08 Short 26.75% Inst Own
Daily

Hourly

Intraday

Trading Strategy
• Look for a short of 12 if it can pulse there.
• Wait for the opening range to get set and follow the momentum as it begins to trend.
• Be wary of strong tape at 10 or so, there is a lot of short interest in this and you could expect some covering if this dips hard at some point today.
• A long is possible if 10.80 holds through the opening with a target of 11.20
• Long if it spikes to 10.20 and bounces, set the stop at 10.15and target the 10.80
Reading the Tape

Approaching the open, I saw a lot of action at 10.79 10.80. I watched it around 10.90 after it spiked but not long enough to see the strength that was pushing it past 11.
Before the LoD, I felt like the tape was holding and .70 and I should pull some off.
I watched the consolidation and 10.75 hold after the LoD. It would not drop. But, there were larger orders on both sides of this. I probably should have dropped the stop into .85ish.

Trade Management

Trade Review

• This was a good trade. I started with a plan but took on a few more cents of risk shorting on the first candle and having to place it above 11.20 to get the trade started.
• The next candle allowed me to set the risk to 16 cents and a target for a partial at .70
• I could have gotten a bit better on the partial.
• The consolidation just over .75 gave me a trade decision that I did not take
o Lower the stop to the last local high
o Add to the trade and play it looking for break to the down side with tighter risk
o Or do nothing and take the BE stop on remaining
• The one improvement here I thin would have been to take a little more off on the partial
• I need to be bigger in this trade even with the risk outlay not being as defined as it ended up being.
• I played a stock just yesterday that had better prospects than this after a bad report and it flushed hard in the AM(FEDEX). The day before something similar it had bad earnings and give very little flush considering (GLW).
Trade Grade
Preparation 8 10 I was prepared for this. I knew the news. I felt it had potential to trend down and end at LoD with as bad as the earnings were.
Hard Work 8 10 Yes, in most aspects, keeping up with chart and the order flow
Patience 5 10 NO… I think a little more patience at the open and I get 11.00 and maybe just little more size on the defined risk
Plan 7 10 Yes actually… adjusted as action told me to
Discipline 4 10 Yes.. try to hold the remaining until the run to 10.17 was broke
Contribution NA 10

Replay 0 10