X Trade on Sep 23, 2019 09:44 from Cklamb: Tradervue User Stock Trades.

X
Intraday Fundamentals
• JPMorgan Turns Cold on Steel Stocks Over Pricing -- Market Talk
• *MW U.S. Steel stock price target cut to $14 from $26 at J.P. Morgan
• *MW U.S. Steel downgraded to neutral from overweight at J.P. Morgan
Technicals
ADV 12.06 m RVOL 1.65 ATR .74 BETA 3.03 Short 26.75% Inst Own 62.8%
Daily

• There has not been much change in the direction of this stock since the earnings. This may break 10.16 today and should meet 10.75 as the high today
Hourly

Intraday

• Can this work it’s way back towards 10.76 for the short to 10.16 and a possible break down.
Trading Strategy
• Short 10.76 or under 10.16
Reading the tape
I did watch this tape for long before entering the trade as I was. It was close enough to the opening that I expected the hard rejection of 10.76 and took as it started to move away.
Trade Management

• I have macro short bias here and this is the second time that I was hoping to the catch some downward momentum to test the yearly low of 10.16.
• A slightly better entry may have allowed to take off some risk at 10.63
• I could have also played the risk a little tighter and a bit bigger. This may also have help being able to take half off at 1 for 1.
• Hold for a better sell or keep the risk tighter would have allowed for a possible scratch trade

Trade Grade
Preparation 8 10 I have worked this for a couple of days and have considered both the short and where I think they will cover. I knew that there are a lot of buyers out there for this name
Hard Work 8 10 The prep was good. I did lack letting the tape help me take the trade.
Patience 7 10 NO… I needed to wait for a little more tape time before taking the trade even if it was preplanned

Plan 7 10 Yes, and good in trade adjsutments
Discipline 8 10 Executed well here
Contribution NA 10