Shared by
arman_smb
Stock / Story
- Beat revs, beat eps, raised guidance (BBGR)
- BIDU upgraded to Outperform from Market Perform at Bernstein
- BIDU upgraded to Buy from Neutral at CCB International
Setup:
- Red to green if holding above yesterday's high (day 1 high)
- Enter on hold above open price on the open.
Size:
- Did not risk enough on this setup. Should have been $150 risk (30%) on a $1.50 stop -- 100 shares. Instead I took 50 shares because I was tilted for just losing on DIS. This was a mistake, I need to be risking 30% of my daily stop on my pre-planned AM setups, especially on break of earnings day high.
Exit
- Exited 1/4 in front of 125.50 sellers, and another 1/4 when BIDU couldn't hold above 125.50. Exited trade2hold portion shortly after on trump comments headline causing BIDU to flush.
- I should have re-entered that core position when BIDU held vwap and I was able to assess that the trump comments regarding tariffs were not significantly impacting the market.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-08 09:35:20 | BIDU | buy | $123.470 | long |
| 2019-11-08 09:50:46 | BIDU | sell | $125.190 | long |
| 2019-11-08 09:59:02 | BIDU | sell | $125.300 | long |
| 2019-11-08 10:00:55 | BIDU | sell | $124.610 | 0 |
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