PEP Trade on Oct 3, 2019 15:43 from Cklamb: Tradervue User Stock Trades.

PEP
Intraday Fundamentals
• Earnings Beat and revenue beat still down YoY
• Showing some organic growth
Technicals
ADV 4.27M RVOL 1.35 ATR 1.94 BETA .57 Short .69% Inst Own 74.10%
Daily

Hourly

Intraday

Trading Strategy
• Resistance shorts a the opening, 137.50 as R1 and 138. To 138.40 as R2, Start light and build if the position starts to work
• Long if you get a long wick to 135.50 in the first few minutes of trading, Stay light until you can assess a better stop for a bigger position or take if you get 3 to 1 and use the win to set up for the next leg
• Take a small position if a trend starts to develops after 815 am
Reading the Tape
I saw several points today that I felt comfortable with taking scalps on small risk. I did see on obvious reversal off 183.83 that was a pretty clear change. But, I still hesitated on that long until 139.
Trade Management

Trade Review
• I was basically on the wrong side of this all day and managed to work into a net profit.
• I messed up the partial on five of these trades with at least two of which would have added to the end of day total and one would have eliminated a small loss.
• I size to the same risk as I had been taking all day on the last trade and I cut the biggest loser in half.
• Out of the 12 trades only 2 trades netted more than a penny based on one hundred shares
• I was a little impatient for the consolidation play at about noon and then I did not follow the momentum on a scalp to the downside.
• A flip in my bias could have made this a healthy afternoon.
• Good risk management almost the whole day, many of these set up for risk free trades.
• I worked hard on this today. It is all about the risk vs the reward and then the probability.