BA Trade on Nov 18, 2019 09:31 from kerobo0000: Tradervue User Stock Trades.

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

Rationale:
-Day 1 (11/11) catalyst was news that BA was targeting FAA certification of its flight control software during this quarter, MAX deliveries could resume in DEC and a return to commercial service is expected in Jan (which is a 30day delay from prior reports)
-this morning fresh new came out that TUrkey's SunExpress signs order for 10 add'l 737 MAXs at the Dubai Air Show
-this fresh news had BA gapping up 0.75% in the premarket, but BA went flat right before the market opened

Trade Strategy:
-get long if price holds / consolidates / pulls back to 368.55 (day 1 resistance), 369.75 ( day 1 high), 373.23 (daily level)

How much risk should/did I take?
-2,938; 23% of NLV
-appropriate risk given I had an ideal entry, although I could've waited 30sec to get slightly better prices and I knew if 373 dropped, I would be out of at least 2 of the 3 tiers I added on

Recap / Trade Management:
-entered 1 lot as price broke above 373.23
-scaled into 3 tiers as price held above 373 on the next candle
-at 9:33 bids were stacked at 373 and the tape slowed when price went bid 373, it was a very noticeable stall / slow down in the tape with 5+ market makers on the bid at 373 -> this was the area to get much bigger in the trade
-quickly scaled out into strength and right after price took out large size on the offer

What did I do well?**
-put on a feeler and identify the moment when it was time to get bigger in the trade
-scale out into strength and noticing when the up move started to slow based on how much the tape was moving while seeing that price had the inability to trade higher

How could I have traded this better?
-be a bit more prepared and market premarket high / low; the premarket high was the logical place to have my first scale out, instead of randomly selling as price traded higher

What did the tape look like during the most important moments intraday?
-when bids stacked at 373 while price was trading above the daily level; price could not hold below 373.50
-bids were stacked at 372.50 (but it was below daily level, so I did not enter)

Where could I have been responsibly bigger?
-the pullback candle after price broke through the 373.37 (9:32), bids stacked at 373, the tape really slowed then bids/price stepped up higher

Gain/loss relative to expected gain/loss:
+9.7%; +$286
expected gain based on catch the move formula is $318.64 (net of commissions); I underperformed by about 11% on this trade