AVYA Trade on Oct 8, 2019 10:33 from beno: Tradervue User Stock Trades.

Big Picture
- SPY back in August 282-294
- China in US this week to discuss trade deal
- Fed easing and possibly continuing with 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 (most likely for more sway in trade talks)
- Fed announced further expansion of balance sheet “soon” in an October 8th meeting

Markets Intraday
- PM: SPY consolidation in 291
- Morning: SPY in downtrend with support at 289 and bounced
- Afternoon: SPY continued uptrend from 290 to 291.70
- End of Day: Sellers stepped in pushing SPY to a new low of day of 288.60

Technical Analysis – Long Term
- Downtrend since $23.50 high in 2018
- Last weekly swing respected 200-day SMA, trading below it

Technical Analysis – Intraday
- Gapped up on catalyst news
- Day1: traded and held higher all day
- Day2: gapped up another 20 cents and was bought all day
- Today: Gapped down 40 cents, held up all morning but sold hard all afternoon back below $13

Catalysts / News
- Large contract with RNG
- Buying back 45% of its shares!
- Partnering with Microsoft to launch their CCaaS IX-CC platform in Azure Cloud

Original Plan
Watch more attentively when uptrend resumes, long on a pullback, preferably from a technical zone.

Execution Notes
I was watching AVYA more attentively after it broke above its morning high. I got long on a pullback to the 13.80 where is consolidated 5 minutes prior, got filled at 13.83 for 2 lots. I sold 1 lot on some strength at 13.95. I re-added another lot at 13.80 when the stock was trading near the low of its range. Price broke down and I got stopped at 13.73.

Review
Positives: I was actively participating at technical levels from yesterday and I had the conviction to add another lot while keeping my risk at 1R.
Negatives: A good opportunity was missed when price hit the 12.70 resistance zone after AVYA broke down in the afternoon. I was watching video while this happened and hence missed the opportunity to jump back in.

Giving myself a B as I missed an opportunity to participate due to being distracted.

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: B
(1=D, 2=C, 3=B, 4=A)