EMR Trade on Oct 2, 2019 10:08 from beno: Tradervue User Stock Trades.

Big Picture
- SPY back in 282-294 range
- 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 easing and possibly introducing new QE program (called Open market operations)
- Formal inquiry launched for Trump impeachment (Cover-up, secret server, abuse of power)
- US released tentative plan to limit investment in China

Markets Intraday
- Weak ISM number yesterday, weak payrolls number this morning
- PM: Gapped down from 293.50 to 292, trending down
- Morning: Downtrend, staying below VWAP
- Afternoon: Bounced at 286.7 then uptrend into VWAP at 289
- End of Day: Profit taking pushing price down 1$

Technical Analysis – Long Term
- 2015-2018 uptrend
- Consolidation during 2019, forming LT pennant

Technical Analysis – Intraday
- Day1: Huge run up on news that DE Shaw is building position (position building possible cause for up move)
- Day2: Consolidate above day 1 highs
- Day3: Gap up but huge failure (with overall market weakness) back down to low 65s
- Today: Gapped down, opened lower, current in down-trend (LH and LL)

Catalysts / News
- D.E. Shaw is in the process of building a position
- Many activists’ investors joining market trying to make difference

Original Plan
Gapped near 64 which is an important level from last week, failure to hold above 64 will make for a good short. Plan was to wait for break then short on retest.

Execution Notes
It broke below 64 early in the morning and I got short on the retest at 63.95 with a 1R risk stop at 64.15. I got stopped out. I re-entered the trade after we broke below 64 again (on the next LH), got filled at 63.83 with a 1R stop at 64.03. I covered half of my position during weakness at 63.50. After lunch it continued its downtrend and made a new low but then retraced and held above the prior low making a new HL. I covered because we were holding higher both in the stock and in SPY; SPY had made a strong up-move (compared to previous moves) and was holding higher.

Review
Even though not much P&L was made from this trade it was still a good trade. I tried the trade again and held a core position until my Reason2Sell, trend reversal and SPY strength, became apparent.

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)