FAST Trade on Oct 11, 2019 15:58 from Marius: Tradervue User Stock Trades.

Market was rallying due to good trade war news. Earnings season starting into full swing next week. FAST reported solid earnings and up 18% this year. Put on a trade in the PM session seeing the volume and notable technicals. It was able to hold above a key technical level and is moving from a catalyst. The stock is in price discovery being in blue sky breakout. Will have watch pre-market and AM session to manage this trade.

RVOL - 4.65
Avg Vol - 4.48M
ATR - 1.12
Short Float - 6.42%

Trade Overview

Trade Review
I needed to update my game plan as my stop was undercut in the pre-market. I decided to wait for the open. There was a notable close but there were two downgrades today. Thankfully there was a strong opening drive. I would have been at a significant loss here with this gap down and follow through. The reason why I exited is because I saw an unusual high offer at 36.20 and we were extended in this opening drive. I sold as price was strongly rejected. Price did try to make it back but it was rejected again. It then started trending to vwap. I'm glad I'm out of this trade knowing how far it got below and my risk was magnified. Next time I should wait for the open and see if we can break to a new high first then enter.