Shared by
over9k
- 10:08:19 ROKU L50s FH
a. +1 clean move up in the morning
b. Kept bouncing off VWAP identical to yesterday
c. Funny enough my 2nd half of my position was whipped out just like yesterday, 15c away safty stop wasn’t far enough. With ROKU almost need to just keep the saftly stop well away from the trade once you are within action. W/e I didn’t expect much out of the chop today so be happy
d. This was not an A++ setup, but ROKU just does stupid things. Have to jump on
e. We were getting a VWAP rejection, lots of fighting for 2 min right at that level, so the break up was my long
f. HOD was not as strong as I expected. Made me tighten my stop a lot
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-12 09:59:01 | ROKU | buy | $133.580 | long |
| 2019-11-12 10:02:33 | ROKU | sell | $134.684 | long |
| 2019-11-12 10:07:50 | ROKU | sell | $134.310 | 0 |
Comments
over9k
Thanks, Yea It's a mistake on my part as once i'm in the money on a stock that trades like ROKU. I know it can do whips. Lesson learned hopefully after being burned 2x by the same thing this week on it. err make that 3 with Friday.
Perfection isn't the goal, but I prefer not to re make mistakes!
It has just been insanity this week. I'm cautiously waiting for a pullback because this kind of growth without any real news can't be sustainable. Looks like we will make it into the weekend on a high at this rate 11:03:17 Friday.
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You caught a nice move! And I like the way you scaled out on the lower low.. i agree with where you put your stop as it’s proper discipline to be mechanical, though high priced underlyings will print a little below the area you would typically set a stop (e.g. lower low, VWAP) before continuing higher. Makes no sense.
I also had this on watch the last couple days, I was also bullish above 128 but missed the afternoon move on Tuesday, and didn’t get enough of a pullback on Wednesday to get a good entry. 127-128 is a high volume area from the day after earnings which makes it sort of a short term pivot point.