Shared by
beno
Big Picture
- SPY holding above 294
- China wants another round of trade talk’s before signing deal
- Tariffs will increase if deal isn’t signed
- 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 extending its overnight funding Ops (QE) through January 2020
- Only two companies missed estimates so far this earnings season – 87% beat
- UK and EU strike new Brexit deal in last-ditch talks
Markets Intraday
- PM: SPY Couldn’t break 299.60
- Morning: SPY downtrend from 299.30 to 297
- Afternoon: SPY bought to above VWAP at 298
- End of Day: SPY end of day selling
Technical Analysis – Long Term
- LT Uptrend
- Sold off hard from 170 on competition news
Technical Analysis – Intraday
- Consolidating higher the last few days
- Today: Opened lower and made LH’s and LL’s
- Today: Broke down hard when down trend was apparent
Catalysts / News
- Macquarie upgraded PT to $130 / outperform, says user base could triple by 2021
- RBC Capital upgrades PT to $155 / outperform
- October 15th: Apple TV App now available on ROKU devices
Original Plan
Previous 2 days have dipped in the morning then was bought.
Could dip to 133-134 (buy, try multiple times).
Try to scalp some shorts in the morning (sell strength).
Execution Notes
Tried to scalp some in the morning. Realized that I was getting fucked over by fake moves and getting stopped out. I noticed on the tape when ROKU moves more than 20 cents within 1 second near a swing low/high it means that stops are being hit and screwed over. Having realized this I tried a scalping strategy that enters when this “fuck-over” move happens. The strategy worked 3 times out of 5 (after I had realized it). I think SMB calls this capitulation. I lost sight of ROKU’s trend and missed a great short opportunity while trying this new scalp strategy. Overall red day on ROKU but learned lots.
Review
I think I can use my new found knowledge on capitulation (because I’ve actually seen it now on the tape) and use this to my advantage when trading my regular intraday swings.
Grade Questions
Did I follow my plan? (yes/no/with mods): with mods
Which modifications?: Tried scalping a new strategy
What justified the modifications?: learned something while trying to scalp (capitulation)
Did you hold a core position until you noticed a reason to sell?: no
Were your executions goods? yes
Grade: C
(1=D, 2=C, 3=B, 4=A)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-10-18 09:37:27 | ROKU | buy | $137.280 | long |
| 2019-10-18 09:37:29 | ROKU | sell | $136.950 | 0 |
| 2019-10-18 09:46:00 | ROKU | sell | $137.210 | short |
| 2019-10-18 09:46:06 | ROKU | buy | $137.490 | 0 |
| 2019-10-18 09:54:39 | ROKU | sell | $137.930 | short |
| 2019-10-18 09:56:10 | ROKU | buy | $137.750 | 0 |
| 2019-10-18 10:36:30 | ROKU | buy | $135.650 | long |
| 2019-10-18 10:36:55 | ROKU | sell | $135.890 | 0 |
| 2019-10-18 10:55:19 | ROKU | buy | $133.990 | long |
| 2019-10-18 10:55:37 | ROKU | sell | $133.790 | 0 |
| 2019-10-18 11:08:19 | ROKU | buy | $130.840 | long |
| 2019-10-18 11:09:49 | ROKU | sell | $130.390 | 0 |
| 2019-10-18 11:10:34 | ROKU | buy | $129.800 | long |
| 2019-10-18 11:12:00 | ROKU | sell | $130.280 | long |
| 2019-10-18 11:13:05 | ROKU | sell | $130.610 | 0 |
Comments
8Ballz
but it's still the same strategy needs to be erased. I am a donky and clearly didn't proof read my shyyyt.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I just reviewed most of your trades. After 5 pages I realized you have no strategy. After 8 pages my analysis was very solidly confirmed. You shouldn't be trading with real money. You should be paper trading until you develop a system that fits your personality. I did not read any of your comments nor did I have the need. Your entries and exits explain all I need to know. If you were to look at all my trades you would know what my strategy is by the 2nd page. I do the same thing for all my trades and I try to execute as best as possible, but it's still the same strategy. I said this to you before "your wasting too much time typing out random info". Instead you should be focusing on 1 strategy. You shouldn't be getting long and then switching bias at random prices.(this is exactly what you are doing) If you are offended by my comments so be it. I am only trying to help. It hurts to see your trades and how bad they are. Focus on a simple washout long strategy. If you don't know what that is look it up on youtube madazNfootballr is a master at it.