NVDA Trade on Dec 19, 2019 09:47 from kerobo0000: Tradervue User Stock Trades.

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

Rationale:
-MU reported after the bell and began gapping up on positive earnings; NVDA & NXPI traded higher in after hours after MU earnings report
-this news had me interested in the sector as a whole with the plan to use NVDA as a trading vehicle to catch upside in the sector
-this name also caught several sweeper orders on 12/18

Trade Strategy:
-there weren't any potential levels to lean against other than PMH or intraday levels (Y-high, close, etc.); so was looking to catch price holding higher in combination with finding buyers on the tape

How much risk should/did I take?
-424; 4% of NLV
-put on two tiers of risk which was appropriate, now that I can clearly identify buyers I will need to begin to slowly add more risk, up to 2 additional tiers, before increasing tier size

Recap / Trade Management:
-generally managed this trade relatively poorly, this should have been a big win but I couldn't hold for the extended move
-entered after price broke above Y-high, saw it holding above the PMH but couldn't make the decision to enter at that time given how the sector was trading; exited this first trade as price retested the intraday highs of 233.50 as I thought further upside would be limited given how the sector was trading
-on the second trade, I caught a pullback to VWAP after seeing price pullback but continue to hold VWAP; it took a lot to sit in this trade as it chopped around sideways for 2 hrs before trading higher

What did I do well?
-clearly identify large offers get taken out and see buyers react with initiative/aggressive buying; could see them stepping over each other to buy higher
-stayed patient when I needed to and mostly avoided panic selling by keying in on the tape

How could I have traded this better?
-hold at least 1 lot for the larger move especially given how nice the trend was and the strength of the market; if I can clearly identify strong tape, it may not matter as much what the market or sector is doing at the moment

What did the tape look like during the most important moments intraday?
-price took out size on the offer at 232 right off the open, when price got back above 232, started seeing buyers buy higher and step over each other, followed by consolidation / sideways price action where every dip met more buyers
-when price got to 233, and 15k bid showed up, then stepped higher was the time to really get big
-next spot that saw heavy size on offer was 235 but they were taken out by buyers, so could scale out in front of that since I should've been in the trade from 232/233
-11k offer at 236 could not fully print and leading up to it, that showed up on the offer were not taken out as quickly as before, have to exit when I see the 236 offer get partially print followed by price beginning to fall

Where could I have been responsibly bigger?
-there was the opportunity to be bigger on both of my trades, especially the first trade

Gain/loss relative to expected gain/loss:
-net gain of 93, much lower than expected