DIS Trade on Nov 26, 2019 10:15 from kerobo0000: Tradervue User Stock Trades.

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

Rationale:
-DIS opened above the A/H Day 1 high of 150.56(from news that Disney+ passes 10M subscribers on the first day)
-there was also some fresh news today: no name shop initiated coverage at overweight and news that Disney+ averaging 1M new subscribers a day
-2-3 call sweeps in DIS which was alerted to me by the squawk

Trade Strategy:
-enter 2 tiers on break and hold or retest of PMH

How much risk should/did I take?
-100; <1% of NLV
-entered 1 tier and was risking a break of the PMH; should have been risking down to 152 since high priced underlyings will leak above below level

Recap / Trade Management:
-entered as price began to retest 152.23 and took a quick small loss as soon as the PMH level broke
-I was sort of skeptical of placing a trade in this name since 152.79 was a +1 ATR move and price was already trading at 152.23 (PMH) at time of entry; didn't think there was much range left
-I was skeptical of getting into this name while it held above the ATH A/H Day 1 high of 150.56 b/c it was w/in PM range >> this would have been the ideal place to enter since it is near the PML, wihle still above PClose and Y-high
-on entry market was consolidating above VWAP and XLC was just above PClose; so market and sector supportive of upmove but not strongly supportive (VWAP for SPY & XLC was flat)

What did I do well?
-took a quick loss as I didn't have a lot of conviction

How could I have traded this better?
-understand in real-time that I can lean against an important technical level for a long trade when price is within premarket range, so long as my entry is near the PML

What did the tape look like during the most important moments intraday?
-trade was so fast didn't see anything on the tape in the moment
-upon review, I saw the bids thicken up when price oscillated from a peak to a trough, and right before the push higher around 10:22-23 the bids thickened up from 152.20-152.30

Where could I have been responsibly bigger?
-NA; my entry wasn't at the best area

Gain/loss relative to expected gain/loss:
-loss less than expected given how fast I got out when price fell below PMH