NKE Trade on Sep 27, 2019 09:46 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)
- US released tentative plan to limit investment in China
Markets Intraday
- PM: Consolidation between 297.5 and 298.30
- Morning: Power down from 298 to 296.50, bounced at
- Afternoon: Downtrend, news about limiting investment in China (big red candle)
- End of Day: Bounce from 294 (previous range)

Technical Analysis – Long Term
- LT uptrend
- Broke out to new highs on news

Technical Analysis – Intraday
- Gapped up $4.5 on catalyst news
- Day1: sold off
- Day2: Sold hard in the morning but bought all afternoon
- Today: buyers stepped up to 91.85

Catalysts / News
- Strong beat on EPS amid traffic
- Focus is on growth in china

Original Plan
Hold above 92.3, bounce from 91.4 or 90.24.

Execution Notes
I tried to play a scenario that wasn’t in my plan. I got short near the 92.30 level when I noticed SPY weakness. Got filled at 92.24 and my stop was tight at 92.45 for 1R of risk. Got stopped out 8 minutes later at 92.45.

Review
It could have been an okay Move2Move trade if initiated at the PM highs of 92.45, I actually bought the very top of the move when I covered.

Grade Questions

Did I follow my plan? (yes/no/with mods): no
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: C
(1=D, 2=C, 3=B, 4=A)