TEVA Trade on Nov 11, 2019 09:31 from Chigozie: Tradervue User Stock Trades.

Why did I want to take the trade?

Strong daily chart, looking for a break to 10.

What did I see?

Broke out on heavy volume above and was holding 180 SMA at open, looked like it wanted to hold and continue higher after breaking above $9.50.

What was the downside potential?

Break below SMA around 10 cents a share.

What was the upside potential?

Continuation to $10 and possibly higher.

How did I manage the trade?

Got in at the break of $9.50. Was patient and waited for it to hold or break. I had SMA and half dollar support to help me.

What was I feeling at the time?

Chill. It was a name on the watchlist with a nice daily chart setup. Wasn't the best setup out the gates but had a chance and was low risk so knew losses would be small.

What did I do wrong?

Played this out the gates just like I would a low float momo runner. I didn't check the float or market cap on this when I should have. But even if I did, I don't think that would have kept me out of the trade.

What did I do right?

Stuck to my plan through and through.

How can I improve in the future?

Study the open of these overextended mid and large caps or just leave them all alone for now. TEVA has a float of 1.05B shares and a market cap of 9.81B. This is completely outside my wheelhouse and I probably shouldn't even be trading this name at all.