QCOM Trade on Jul 2, 2020 09:47 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Second day play after bull-flag resolution on daily and yesterday's digestion day.

Opened flat around VWAP, consolidated around the m.average holding above $91.
When volume came,

entered long half Tier I, risking $91, expecting the move to $92.5.

Trade didn't play out as expected since market rolled over at same time.
However, QCOM was holding well above $91 which never got tested. It tried to sell-off lower 3-4 times, but buyers were there above $91 to support the name.

Well, that gave me confidence on the trade and I should have looked on ways to add back shares to the long, since I was already green on the name.

Finally, QCOM broke the flag and moved higher. But before the explosive move higher, did a sudden flush to VWAP which scared me and got out of 30% of the position!!!
(-) I got out 30% of the remaining position when I was risking against $91 all-day and finally was in a position of strength+had confidence on the trade+looking for places to ADD!! What a great opportunity this would have been to add back size to the long. Instead, I got out.

Then it moved to $92.5, but I had so small size left...

image


Execution detail:

Date/time Symbol Side Price Position
2020-07-02 09:47:54 QCOM buy $91.210 long
2020-07-02 09:48:27 QCOM buy $91.270 long
2020-07-02 09:48:30 QCOM buy $91.320 long
2020-07-02 09:48:30 QCOM buy $91.320 long
2020-07-02 09:49:05 QCOM sell $91.490 long
2020-07-02 10:08:59 QCOM sell $91.480 long
2020-07-02 11:29:19 QCOM sell $91.360 long
2020-07-02 11:50:25 QCOM sell $92.330 0


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