PINS Trade on Apr 8, 2020 09:30 from Cklamb: Tradervue User Stock Trades.

PINS
Total gain/loss: $13.75 Largest gain: $6.97 (show)

Average daily gain/loss: $13.75 Largest loss: $0.00
Average daily volume: 1220 Average per-share gain/loss: $0.02
Average winning trade: $2.29 Average trade gain/loss: $2.29
Average losing trade: n/a Trade P&L standard deviation: $2.52
Total number of trades: 6 Profit factor: n/a
Number of winning trades: 6 (100.0%) Average hold time (winning trades): 7 minutes
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 6 (show)
Max consecutive losses: 0
Average position MFE: $4.31 Average position MAE: $-2.43

Intraday Fundamentals
• Pinterest Shares Rise Sharply After Preliminary Q1 Numbers Beat Analyst Projections
• Pinterest shares spiked higher in late trading on Tuesday after the company pre-announced better-than-expected March quarter results -- while withdrawing guidance for the full year, and warning that it is seeing softening advertising demand.
• For the quarter, Pinterest (ticker: PINS) now expects to report revenue of $269 million to $272 million , above the Street consensus at $266.7 million . The digital pin board site sees global monthly active users of 365 million to 367 million, with 89 to 90 million in the U.S. and 276 million to 277 million internationally. Pinterest said it ended the quarter with $1.7 billion in cash and equivalents, no debt and an undrawn $500 million revolving credit facility.
• That said, the company added that " Pinterest is currently not in a position to forecast the expected impact of Covid-19 on its financial and operating results for the remainder of 2020," and cautioned that the pandemic "has impacted Pinterest's advertising revenue globally." The company had previously projected full-year 2020 revenue of $1.52 billion .
• Pinterest is the latest ad-supported Internet business to warn about weakening advertising demand. Previous warnings have come from Twitter (TWTR), Facebook (FB) and IAC (IAC).
• First quarter revenue "was consistent with our expectations through the middle of March, when we began to see a sharp deceleration," Chief Financial Officer Todd Morgenfeld noted in a statement. He said the company's exposure to weakened areas of the economy like travel, automotive, and restaurants has not been significant.
• The company also announced that chief operating officer Françoise Brougher is leaving Pinterest , effective today, and that Morgenfeld will assume her responsibilities. The company did not provide an explanation for the change.
Technicals
ADV14.82 RVOL .63 ATR 1.46 Inst Own 64% Short 5.5%

Daily

Hourly

Intra

Trading Strategy
• Short this for a opening drive if it continues to set up
• Short of a VWAP test
• Look for longs with the right set up just above 16
Trade Review
I am doing this review a little different today.

It was a tense. I traded like a hack. I got myself in trouble foolishly adding and then not taking the pulse back and limiting my losses. I blew a strong opening quickly trying to take a late opening break of a high. I added after already being as large as I should have gotten. I added as it dipped and added more below that. The same stuff that I have spent a month trying to keep myself from doing. All and all this day was a disastrous day with some serious risk out there.

One reason that I decided just to type out some thoughts is that I way overtraded. I would normally say this was bad but there was a time near the end of day that I had traded large lots enough and taken wins and losses in a similar fashion as I would have trading smaller. I actually felt comfortable and slowed down on the pushing. I was holding size like I would with smaller size. I was tapping it out like I would if I was smaller. These are a huge positives. Plus, It would take hours with my mental capabilities at this point to sort through good setups.

The second is I could beat myself up over and over again about the shit that I did today. And looking through all of this crap hacks that I took would just frustrate me. So, I want to focus on the fact that I stuck to my conviction out of the gate on my game plan even though I was early to the trade ( don’t trade the first candle, that is a simple rule). The fact I was able to walk away for being down and commit to coming back and trade as close to what I do with smaller size as I could. These are just some small victories to take out of the comeback today.

I also feel like I am beginning to understand that I cannot manage the P&L during the trading day. I have kind of known this for a while. After a solid morning, as I start to step up. I will be more likely to add to a position trying to protect the nickels and dimes that I have put into the bank. I have been a bit better about this recently. But, this seemed pretty pronounced today. I need to be acutely aware of this for a while. However, once I step up into the midday, I need to stay there until the last hour and then move back down in sizing.

Plus, the last psychological victory I would like to mention is staying put due to my heightened emotions there at the end of the day. There was trades that I could have take. But, I sensed that I was not stable enough to even a small easy trade at that point. Although, I can always trade small. But, in this situation I was very aware of what my body was telling me that I walked away for the last run of the day.