MU Trade on Sep 27, 2019 12:59 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

MU
Intraday Fundmentals
• Brutal earning report
• Raided concerns over the ongoing tariffs
Technicals
Daily

Hourly

Intraday

Trading Strategy
• Look to play inside the opening range with range plays and mean reversion stuff( maybe the vwap bands on this??/
• Look for a long at 44 or 44.50 depending on the tap target the opening print make sure the risk justifies the trade
• Short 46.50 if it wicks to this on the open for a scalp
Reading the Tape
I took this almost solely on the tape. I watched this tick around grinding a little bit lower and saw a larger bidder at .75 and not much to challenge on the other side. It was not until after taking the trade did the heavy bidder step down that not seen before that.
Trade Review
• I was targeting 44 with only 4 cents worth of risk expecting the larger bidder to hold
• This is the only time I have tried to play something on mostly what I was reading on the tape.
• The market probably had a larger effect on this position and I was not paying attention to the current tone of the overall market.


Execution detail:

Date/time Symbol Side Price Position
2019-09-27 12:59:24 MU buy $43.773 long
2019-09-27 12:59:57 MU sell $43.730 0


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