MU Trade on Jun 4, 2020 09:38 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Wow, just so painfull to watch...

On main watch after great Day I, reclaiming significant $48.5 resistance.

Plan as follows:
a) BULLISH as long as it holds/trades above S1=$48.5 important level.
b) (P) 2nd day play
c) (S) Bullish bias - holding support or Support+Double Bottom bounce at S1
I was expecting a retest of S1 and hold above, before pushing higher to R1=$50.

Tried to pop at open, got rejected, rolled over to S1, tested the level, held above, bounced higher and reclaimed VWAP.

Entered Tier 0, risking below S1=$48.5, expecting the move to R1=$50...

But:
-- didn't like that the moment I got in, MU lost VWAP and started holding below...
-- that tape. That tape seemed weak to me, and the stock wasn't moving at all...

(-) I had small size, no reason to dis-respect proper technical stop below S1=$48.5 and cut the trade short. MAJOR MISTAKE!!
(-) I should have put an alert at HOD. At least have it on a 2ndary screen. I took it off completely.

Still can't believe I got out for a loss at this one. Brutal:/
image


Execution detail:

Date/time Symbol Side Price Position
2020-06-04 09:38:44 MU buy $48.940 long
2020-06-04 09:38:48 MU buy $48.940 long
2020-06-04 09:40:12 MU sell $48.790 0


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