TLRY Trade on Mar 3, 2020 09:43 from nils: Tradervue User Stock Trades.

TLRY

Company Description

Name: Tilray, Inc.
Sector: Healthcare
Industry: Drug Manufacturers - Other

Trade Scenario

Tilray shares are trading lower after the company reported worse-than-expected Q4 sales results.

Trade Variables

Gap: -14.72

Technical Levels

Support:

S1 13.00

Resistance:

R1 13.25
R2 13.61
R3 14.16

Trade Plan

Big picture

TLRY broke out of the big downtrend. But it still looked very week.

Small picture

In the PM it had a downtrend, but it lost momentum and flattened.

Set-up

After such a weak PM, it's not a surprise wen buyers starting to step in.

Trade Overview

Analysis

The price started ranging in a small price range.

What I did not like about the trade

When I would have looked closer at the PM, than I could be prepared to buy this stock way earlier. And when I was in the trade, I haden't the ressistance in my mind, where would have been a great place to lighten up my position.
In this trade I didn't had a target, I just wanted in, that's why my CRV wasn't there.

What I have liked

I liked that I started the trade with smaller size than my initial risk. After price moved in my direction, I loaded my position up with more shares. After reaching my initial risk, I kept on loading the boat but never risking more.