EXPE Trade on Nov 8, 2019 09:34 from kerobo0000: Tradervue User Stock Trades.

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kerobo0000

 

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

Rationale:
-2nd day play as the market received EXPE earnings negatively and the stock closed at the lows on Day 1

Trade Strategy:
-once again, didn't plan out this trade well which led me to go long this name, instead of passing on the trade (should have been looking for continued follow through to the downside

How much risk should/did I take?
-140; 1% of NLV

Recap / Trade Management:
-entered into the 95 puts when I meant to enter the 105 calls
-other than the above error, my entry was spot on as I entered when price held day 1 support
-but once again, I didn't plan this trade out (as my bias should have been to the short side which would have caused me to pass on this trade)
-also wasn't fully focused on this given I was trying to trade ROKU and find an entry on BIDU at the same time

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What did I do well?
-enter on the hold of support

How could I have traded this better?
-been prepared when the market opened
-organize my watchlist in such a way that will prevent me from getting confused (call contracts grouped together and separately from the put contracts)

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

Where could I have been responsibly bigger?
-on the hold of day 1 support if that is where I planned to enter the trade

Gain/loss relative to expected gain/loss:
-loss greater than expected; this should've been a winner


Execution detail:

Date/time Symbol Side Price Position
2019-11-08 09:34:39 NOV15 19 95 PUT buy $0.7000 long
2019-11-08 09:49:37 NOV15 19 95 PUT sell $0.4700 0


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