MESZ9 Trade on Nov 22, 2019 11:24 from kerobo0000: Tradervue User Stock Trades.

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

Rationale:
-noticed SPY/ADD divergence around 10a as ADD made new lows, but SPY didn't; couldn't capitalize on this trade as I was focusing on BABA & NFLX
-then the S&P began to sell off, got below PMH and began to consolidate above PClose
-PClose dropped and SPY traded lower to the 310.08 intraday support, but couldn't hold below level on the 5m chart

Trade Strategy:
-entered /MES as SPY price began to hold above 310.10, risking 309.85...the low of the preceding wicks, effectively risking 25cents (SPY) or 2.5-3pts (/MES)

How much risk should/did I take?
-risking $15, appropriate

Recap / Trade Management:
-entered trade at 3101.50 and set target for just under VWAP; the 3105 level was of interest given it was right in front of a low volume node, there was a chance price could fail at the low volume node or at VWAP

What did I do well?
-defined risk and entered with conviction
-set target based on the chart instead of looking for weakness in the tape
-market prep in the morning; doing so made me aware of the 310.10 intraday level

How could I have traded this better?
-game planned for it, there was room to put on more risk
-watching a faster time frame like the 2m, could get in earlier on the restest of the 3097.75 intraday low

What did the tape look like during the most important moments intraday?
-on entry, noticed SPY was holding 310.10 and then moving higher away from it

Where could I have been responsibly bigger?
-right on my initial entry

Gain/loss relative to expected gain/loss:
-gain right in line with expectations