ROKU Trade on Sep 26, 2019 11:11 from beno: Tradervue User Stock Trades.

Big Picture
- SPY consolidating below ATH (302), having hard time breaking level
- Saudi Aramco attacks causing volatility in oil prices, production back by end of September
- China trade talks productive, China purchased agriculture products from US
- Fed approved next rate cut of 0.25% (new rate is 1.75-2.00)
- Formal inquiry launched for Trump impeachment (Cover-up, secret server, abuse of power)
Markets Intraday
- PM: Hugging 298.30’s then down trend by $1
- Morning: Down-trend all morning, volume spike at 11am on new Trump impeachment news
- Afternoon: Bounced from 295.50 and trended up to 297.70
- End of Day: End of day selling

Technical Analysis – Long Term
- LT uptrend, above 200-day SMA
- Growth stock

Technical Analysis – Intraday
- Sold hard on news of competition from Comcast and Facebook
- Filled gap from August (111)
- Been in uptrend since day 5 (shorts covering)

Catalysts / News
- Many new competitors entering the streaming space:
- Comcast giving free xFinity streaming box with new subs
- Facebook enters TV Streaming box space

Original Plan
Short below the 102 level to capture selling momentum of the market and of ROKU.

Execution Notes
ROKU made a down-trend pattern of leg-consolidation-leg etc… After seeing the pattern and getting confirmation of SPY weakness, I shorted and got filled at 101.83 for 1-lot. I covered a micro-lot at 101.25 to cover some risk. COMPUTER crashed and I didn’t have 1 hard stop set. Luckily the price didn’t move much during the time I was booting my computer back up. I covered the remaining micro-lots at an average price of 102.45.

Review
My conviction in this trade fell after I covered my first micro-lot because SPY broke down further but ROKU didn’t budge! It was showing relative strength to SPY and in that moment I knew the probabilities that I was wrong just went up! (My computer crashed shortly after – but this event didn’t have an impact on how I would have managed my trade)

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)