GRUB Trade on Nov 5, 2019 09:43 from kerobo0000: Tradervue User Stock Trades.

Daily Report Card: D
-morning prep: D
-market prep: D
-stock prep: C
-level of focus: A

Rationale:
-negative earnings results, which they basically said they are having softening demand (their users are beginning to use more food delivery comapnies, no longer exclusive) sold off to new 52 week lows
-stock has been bullish ever since it closed at the lows on day 1 (10/29); stock has been bouncing off the lows (no follow thru to the downside), wonder if this is since the stock has 96.3% institutional ownership (buying opportunity for large funds who are still bullish)

Trade Strategy:
-get long above 35.50 high volume area

How much risk should/did I take?
-660; 5% of NLV

Recap / Trade Management:
-the stock was bullishly holding above VWAP and 36 after a strong opening drive
-first entry was spot on but second entry was a bit premature, have to allow stock to pullback to natural level (half / whole dollar), after the big upmove
-stock didn't move much given and since it is low priced option didn't really move much

What did I do well?
-quickly exit on lower low

How could I have traded this better?
-by passing on the trade - market wasn't moving up with momentum so less of a chance GRUB would have strong follow through given how far away GRUB already was from 35.50
-otherwise, this trade actually was technically sound with price above high volume price channel, prior day high, and prior close

What did the tape look like during the most important moments intraday?
-TBD

Where could I have been responsibly bigger?
-no where, didn't see much of opportunity to get bigger (even though I entered 3 tiers)

Gain/loss relative to expected gain/loss:
-small gain; in line with expectations