NKE Trade on Jul 8, 2020 09:55 from CapitalMastery: Tradervue User Stock Trades.

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CapitalMastery

 
Summary

Was expecting a much bigger move to the downside, but my plan was to short NKE if it popped on open given the bad earnings, and fact that it was back at the 20ma on daily chart. I initially got stopped out at $98.65, but re-entered once I noticed character change on tape, and saw heavy seller appear. Overall, not really a great trade, but glad I tested the idea out.

Did Right
  • Had an actual plan and thesis for this trade
  • Got back in once I realized spike up was getting sold into hard
Did Wrong
  • Could have scaled into this trade a little better, and accumulated pops to $98.50
Improvements

It's fine to put a dabble on, but I really shouldn't size into these trades until I get more confirmation. Especially on a strong name like NKE. I was at 200, which is max size for me on this name, without a good reason for being sized in so much. I mean, I wasn't even getting a better average, I literally just accumulated mediocre prices. Need to be better about making trade ideas prove themselves, and earn the risk I'm putting on them.


Execution detail:

Date/time Symbol Side Price Position
2020-07-08 09:55:37 NKE sell $98.380 short
2020-07-08 09:55:42 NKE sell $98.320 short
2020-07-08 09:55:42 NKE sell $98.330 short
2020-07-08 09:55:42 NKE sell $98.330 short
2020-07-08 10:16:41 NKE sell $98.250 short
2020-07-08 10:17:01 NKE sell $98.240 short
2020-07-08 10:19:16 NKE sell $98.330 short
2020-07-08 10:19:23 NKE sell $98.360 short
2020-07-08 10:54:59 NKE buy $98.645 short
2020-07-08 10:54:59 NKE buy $98.650 0
2020-07-08 11:01:50 NKE sell $98.551 short
2020-07-08 11:01:52 NKE sell $98.530 short
2020-07-08 11:01:53 NKE sell $98.460 short
2020-07-08 11:01:56 NKE sell $98.470 short
2020-07-08 11:01:58 NKE sell $98.470 short
2020-07-08 11:01:59 NKE sell $98.470 short
2020-07-08 11:02:31 NKE sell $98.370 short
2020-07-08 11:02:33 NKE sell $98.360 short
2020-07-08 11:02:38 NKE sell $98.400 short
2020-07-08 11:21:01 NKE buy $98.040 short
2020-07-08 11:21:22 NKE buy $98.050 short
2020-07-08 11:21:40 NKE buy $98.010 short
2020-07-08 11:21:40 NKE buy $98.010 short
2020-07-08 11:21:40 NKE buy $98.010 short
2020-07-08 11:21:54 NKE buy $97.982 short
2020-07-08 11:22:05 NKE buy $97.991 0


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