BYND Trade on Apr 7, 2020 09:40 from TheDumo27: Tradervue User Stock Trades.

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TheDumo27

 

I had been watching BYND while in my AMD trade. The buyers were weakening at 70 on the tape. It was making lower highs the 2 1 minute candles before breaking through 70. I got in just before it broke through 70 with a target of $69. It briefly found a little support around $69.25. The buyers were not strong and the sellers kept pushing it back down. /ES, $TICK and $ADD were all starting to trend up at this point so i was considering locking then there was a quick push through 69 and i saw 68.70 so i put my order to sell and got filled quickly just before it bounced back above $69.

Entry: B+
Again same as the AMD trade i did not really have enough in my favor to consider this an A+ setup. I need to be more patient. It was well timed based off the tape with the stock showing weakness so that was the only reason for the decent grade.

Exit: A
For a scalp i fell i played this very well and being quick to lock seeing the quick drop below 69. Yes i could have caught more but i got 50% in 4 minutes. Im not disappointed with that.

Emotions: A
Felt patient for the entry (although i was not patient enough for the A+ setup), waiting for the confirmation on the tape. I was aware of the indicators and there shift in direction. I was quick to lock the gains seeing my target surpassed considering the signs of a potential momentum shift.


Execution detail:

Date/time Symbol Side Price Position
2020-04-07 09:40:02 APR09 20 69 PUT buy $1.460 long
2020-04-07 09:44:09 APR09 20 69 PUT sell $2.200 0


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