BYND Trade on Jan 28, 2020 10:30 from scottleffel: Tradervue User Stock Trades.

Gravatar

Shared by
scottleffel

 

Read price action on 2 consecutive (10:20am & 10:25am) 5-minute candles wicking down to prior day's low as support, took the entry on beginning of price rise on overall down day. Took 1/2 partial just below 1st target of ~ $21; held remainder for further push w/ stop revised to BE. Brief wick on 1-minute @ 10:36am immediately after partial sale, down to ~ $120.10, was a flashing red warning. Gratefully didn't hold down, as it would have made 2nd 1/2 of position negative & given back from realized. Didn't like that $121 was rejected twice & consolidation pattern emerged (TTM squeeze indicator). Bailed on remainder with narrow (~ 10 cent / share) profit. In retrospect, would have been better on choppy day ahead of Fed minutes to sell full position. In any case, managed to take pretty much the full extent of one of the only momentary upward price reversals on the issue. Pleased with trade due to good reads on the price action and level 2.


Execution detail:

Date/time Symbol Side Price Position
2020-01-28 10:30:26 BYND buy $120.370 long
2020-01-28 10:35:08 BYND sell $120.986 long
2020-01-28 10:37:00 BYND sell $120.463 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in