SQ Trade on Jul 8, 2020 12:44 from CapitalMastery: Tradervue User Stock Trades.

Summary

Noticed SQ looking very tired in the $133s. It had broken above there, and had plenty of time to go further, but didn't. Felt this was an opportunity to put on a tight risk trade, with stop at $133.50

Did Right

Spotted the opportunity to use tight risk, and used it to place a solid R:R trade
Good covers using wish orders, and being patient enough to let the trade work or get stopped out.

Did Wrong

Honestly shouldn't have been in this trade as it's not in my playbook. Similar to the FSLY trade

Improvements

Either cut these trades out, or document a setup for them in my playbook, if research shows they're worth focusing on

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-08 12:44:12	SQ	sell	$132.835	short
2020-07-08 12:48:17	SQ	sell	$133.121	short
2020-07-08 13:37:45	SQ	sell	$132.970	short
2020-07-08 13:39:59	SQ	buy	$132.250	short
2020-07-08 13:41:53	SQ	buy	$132.250	short
2020-07-08 13:42:29	SQ	buy	$132.185	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=17266211&end=20200807&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=17266211&end=20200708160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=17266211&end=20200708135329&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=17266211&end=20200708160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SQ Trade on Jul 8, 2020 12:44 from CapitalMastery: Tradervue User Stock Trades.

Summary

Did Right

Did Wrong

Improvements

Leave a comment about this trade!

Editor syntax