UBER Trade on Feb 7, 2020 10:43 from mkingsbury: Tradervue User Stock Trades.

$UBER - Beat EPS, bookings strong, 2.4m lower MAU than expected, Q4 lost less than expected
ATR: 1.31, 1.5ATRs so far
Notes: Daily strong, PM neutral, news decent
Plan: Watch above 40.29
Alert > 40.29

UBER was pretty strong early on decent earnings, monthly users did drop but everything else seemed strong. We moved up towards PM high and the previous rejection at the open, then traded down to PM low where we held quite solid. Once it grinded up above VWAP and eventually PM high I was looking for a test into a long. This is where I made a mistake, while I did have defined risk, it was off an irrelevant level. I saw SPY ripping higher, then saw UBER break above PM high, but I took the trade before the re-test and risked off the low of the 2m breakout candle. Not a huge mistake but if I'm doing that I am not waiting for a proper setup. Looking back I lost .2R on the trade, but if I waited for the retest and entered I would've been b/e on the trade or maybe slightly positive.

Either way, when I was in the trade I saw us approaching 40.5 which had some pretty big orders but nothing crazy, we tapped it once or twice and then I saw 100k shares hit the ask and it didn't broke and we got rejected pretty hard and I exited. I am quite happy with my tape reading here, seeing that big buyer come through and not break us above 50, causing me to exit before my stop out.

End result -.2R