SPG Trade on Jul 2, 2020 11:21 from Cklamb: Tradervue User Stock Trades.

SPG
Intraday Fundamentals
• Second day set up
• Closed at the low end
• Trading pre-market and yesterday’s HoD
Technicals
Daily Chart
Hourly Chart
Intra Chart
Trading Strategy
• Use prior day levels to consider positions in this
Reading the Tape
I watched this closely. I was trying to enter on the right side of the spread. However, these wider spreads are harder for me to distinguish as price skips and I am not seeing the bid and offers as fast when it skips prices
Trade Management

Trade Notes
I had this on back up with no pre-market game plan. It was trading up on a second day after earnings. I noticed it was up fr the first bit. I did not start watching in until after it had made an attempt to bounce off 71. I started looking to long it there and decided due to the slope of the SMA wait for a pull back into 71 again. Which it did, but thankfully, it had enough momentum as it came back to keep me form taking it. This lead me to scanning the tape for the next little bit and waiting to see if it would test 70. I was late on the bounce and too a little less that a cleaner decision would have given me. But, i did get some risk to work with on this name. This would also help adjust to difference in spread from what I had started off trading this morning.
As this started trading under 70, the level that I had thought would be strong support. I watched the action and it came into 69.50. It held 69.50 with only a small wick that hit. So, as this moved away I decided to be committed to the entry playing the bounce off of 69.50 on the retest. I had it set small and figure that at 69.20 I would be wrong. I add to this to get the cost average down and the as it gave up my worst case scenario I tapped out only to watch this make the strongest up move of the day. I would hit this on a follow up momentum trade as it regained 70. But, a three cent wider stop would let the first trade work and work well.