FSLR Trade on Oct 7, 2019 09:42 from Cklamb: Tradervue User Stock Trades.

FSLR
Intraday Fundamentals
• Tariff exemption.. or tariffs on imports
Technicals
Adv1.19 RVOLK 1.38 ATR2.45 BETA 1.28 Short 13.45% Inst Own 67.10
Daily

Hourly

Intraday

Trading Strategy
• A long if this flushes near or to 60. Start small 59.40 would be the stop
• Look for a long after a flush below 62 on the opening flush, if holds above here for a while
• Momentum trades if you are near 60, 62 or 63 in the opening
• Plan trades once the opening range is established
Reading the Tape

I tried many times to catch this as the tape would give me opportunities to put on risk. This would bounce around too much for my current skills to see were the seller was at as the price stepped down.
Trade Management

Trade Review
• I obviously needed to change my bias as this had no strength @ the 60 level that I had and very little at 59.
• The first attempt to a bounce off of 60 was a pre-planned trade targeting 62 and a trade to hold and followed up with another low risk attempt.
• The third trade was the best read of the tape. I got a great partial. The tape started getting weak with the t&s showing a couple of prints below what appeared to be the current bid and moved the stop to below .37. This weakness should have given me enough evidence that this was probably going to stay weak.
• The next series of trades was an attempt to follow perceived strength off of .50. I did have a good set up on my second attempt and did not compensate for the spread very well and need to size down for a enough risk to get a deeper stop than.49
• The last set of trades.. just chasing!!!.. costly!
Trade Grade
Preparation- I had a set this up well before hand and felt that the news was good. But, I did not really consider this as a sell the news situation.
Hard work- I continue to improve here as I am holding for a tape that seems in favor of the trade.
Plan- I had a couple of trades at the open that were planned off a level that I had define and had a better idea of a target and a stop. The later trades were not based on a pre-defined level
Patience- NO… this continues to hurt
Discpline- No pateine usually means that I was not as disciplined as I need to be to be a profitable trader.