TGT Trade on Sep 26, 2019 10:41 from Cklamb: Tradervue User Stock Trades.

TGT
Intraday Fundamentals
• The retailer’s stock was raised to the No. 1 position on Cowen’s “Conviction List,” based on strong recent results and an improved profit margin outlook.
Technicals
ADV 5.4 m RVOL .72 ATR 2.46 Short% 5% Inst Own 85.5%
Daily

Hourly

Intraday

Trading Strategy
• Look for a long at 107 if it moves back to this and holds risking .60 on a trade to hold throughout the morning
• Look for a long above 107.75 target 108 for a partial and work to the rest to 109
• Short a breakdown of the opening range or 106.50 if you see offers on the tape much above that area as it comes in.
Reading the Tape
I did watch 106.99 hold before I took the opening trade on this stock a lot of bidders and offers on the tape at the time though. The way this broke down does tell me I missed something on the tape here though.
I was working the tape for the second trade. Both dips below 105.50 leading up to the momentum trade were both quick and the action at .45 was too quick to see what was supporting. I could see quite a few bidders as this traded around .52 and .53.
I did not catch much of the tape pre trade. But, the action as it came it .86 and .87 started to look heavy.
Trade Management

Trade Review
• First trade was on plan and I waited for this to set up like I saw it in my head.
• However, I need to be bigger with a tighter stop at .98. The plan was to long this @ 107. So, if it failed .98 it probably wasn’t going to work. I am not sure if the stop would have filled there. But, all the same. This gave the opportunity to keep tight risk on something larger.
• Second trade had a good RvR profile as I waited for it to set up.
• It was most likely the second trade is too early to be playing off an LoD without tighter consolidation.
• An LoD long, need to have enough risk to be under the LoD. A momentum long should have had a tighter stop. I will need to make this distinction better in the future( I believe I was looking more for momentum here)
• Third trade was and attempt to take a higher high. The upside momentum died almost immediately.
Trade Grade
Preparation 8 10 I have been scanning this for a couple of days looking for a pullback after the huge run up since earnings.

Hard Work 8 10 I took time to set up for two of the three attempts to take this long.
Patience 8 10 Bad patience on the first trade.. good hold for a break of 87 and the retest

Plan 7 10 Yes.. two out of the three trades had an entry target and stop pre-trade
Discipline 8 10 Yes.. I did jump at the last trade without thinking through the target
Contribution NA 10