ROKU Trade on Oct 15, 2019 09:45 from J_Matrix: Tradervue User Stock Trades.

Big Picture:
-Stock market rallying on back of strong gains in widely-held stocks following earnings reports
- Strength in the health care and financials sectors
- Q3 earnings-reporting season off to decent, and better-than-feared, start
- The UK and EU are reportedly closing in on a draft Brexit deal

Intraday Fundamentals:
-Roku Inc (NASDAQ:ROKU) shares jumped Tuesday after the company announced Apple Inc.'s (NASDAQ:AAPL) Apple TV is now available through Roku streaming devices and the new Apple TV+ will available next month.
The new Apple TV+ service will be available on the platform starting Nov. 1, the company said in a press release. Starting Tuesday, Roku users could add the legacy Apple TV app through the Roku Channel store. In addition to Apple TV's library of video content, users can also access their iTunes video library and subscribe to Apple TV channels through Roku.
"With the Apple TV app coming to Roku, our customers will enjoy an even broader range of exciting entertainment, including the highly anticipated Apple TV+ service," said Scott Rosenberg, Senior Vice President and General Manager of Platform Business, Roku.

ATR 8.18
Inst. Own 72.90%
Premarket RVOL elevated

Technical Analysis:
YCL 119.12
PM High 123.35
Support 115.25/119.55/121.75
Resistance 124.80/127.80/130/135
Inflection 120.00

Thesis:
-Prior trading exp shows that $ROKU trends very well on days with breaking news catalyst
-Wait for price discovery to be done at the open and look for bullish consolidation periods above VWAP to get long.
-Ideally I want to buy into the pull in from the opening gap and go buyers provided the pull in holds support levels.
-Buy Momo lots into B/O's above resistance levels and sell into strength.

Trade Management:
-$ROKU gap and go'd right at the open breaking premarket highs and tested resistance 124.80. Eventually it B/O and I was looking for the pull in to enter.
-9:45am enter 1 tier core holding above 125
-9:48am $ROKU still trading in a tight consolidation range and I saw a chance to get a better price, add 1 tier to build core size
-9:51am sold 1 tier to alleviate risk as the tape showed a bit of sell momentum and I realize the VWAP has not been TRULY TESTED
-9:52am add back 1 tier and a chance to get a better price avg as $ROKU bounced off VWAP and sellers lifting on the tape.
-9:53am add 1 tier momo lot again as 125 B/O again with increased buying momentum on the tape(execution was late as I hesitated a split second)
-9:55am sold 1 tier momo lot as buyers momentum slowed
-9:57am sold 1 tier into strength as $ROKU make new highs(personal emotions of euphoria elevated)
-10:00am recognizing that I have sold too much too early, I started to slow down my selling. Sold 1/4 tier at new high of day(nhod)
-10:03am sold 1/4 tier at nhod
-10:08am sold 1/4 tier at key resistance 127.80's area
-10:35am sold 1/8 tier at nhod
-11:08am flat as $ROKU looked weak and about to make a big pull back

Remarks:
-I enjoyed this trade as I traded this overall thesis. I had a lot of faith in this time tested trade setup.
-I'm still a lil bit too impatient as my entries are still a few minutes too early showing signs of FOMO before the stock confirms on the pull backs.
-I need to work more on my own personal emotional regulation and anticipation shown thru from selling too much too early.
-I feel like the correct thing to do is to hold that final 1/8 tier for the swing long or until it comes back to my entry price.
-As I type this $ROKU is still grinding up and making nhod targeting next resistance at 130