VTIQ Trade on May 13, 2020 12:06 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-No news
-Way over extended

Technical Analysis

-SPY pattern: Fade
-Intraday pattern:
-Levels: 25, 27.5, 31.5, 33.5, 35

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 27.7 by 27 level
Confluence: Gap Fill, Prior Close
Strike Zone: 27 - 27.7
Sizing (lots): 4
Risk (stop / Rs): Hold below 27

Review / Lessons Learned

I had a feeling it would dump further than I thought because it had 2 pre-mature bounces above the level, one in the morning and on in the afternoon, so instead of starting near 27.7 I told myself to start scaling in the low 27's, was the right call but I should have gotten out when I took my first lot of profit after I added my emergency lot...

Lessons Learned: If you added an emergency lot above/below your strike zone, then the stock bounces and gives you an opportunity to have a green trade, you must exit. (GTFO!!!) - Remember, when using emergency lots due to unexpected PA, the goal is to come out unscathed, not hit a home run!