I Trade on Feb 5, 2020 15:21 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Company contemplates Chapter 11 due if U.S. regulators don’t increase the amount of compensation the company would receive for giving up some of its airwaves

Technical Analysis

-Morning pop and consolidation at highs of 4.17
-Fade all day and remained below prior close level all afternoon until chapter 11 news dropped
-Stock downside halted and made low of 2.61
-Complete retrace but failed at 3.55 / VWAP

Original Plan / Strategy

First Test short of 3.55 level with VWAP and half dollar confluence

Review

Strong retracement from 2.60 and TAB caused me to size down my lots and move them a few cents higher. Tried to add another lot when it failed to break above 3.60 again but I forgot SSR was on so I didn't get filled (DOHHH). Overall good trade, scaled in and scaled out.

image


Execution detail:

Date/time Symbol Side Price Position
2020-02-05 15:21:35 I sell $3.490 short
2020-02-05 15:23:07 I sell $3.540 short
2020-02-05 15:23:10 I sell $3.590 short
2020-02-05 15:28:43 I buy $3.420 short
2020-02-05 15:28:50 I buy $3.360 short
2020-02-05 15:29:05 I buy $3.290 0


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