ROKU Trade on Jul 15, 2020 09:39 from CapitalMastery: Tradervue User Stock Trades.

Summary

Was looking for a long entry on ROKU, and went ahead and bought the bounce, once the bottom appeared to be in. Rode it up for a bitand scalped out of it near it's opening high. Bought back into it when it looked like it was going to hold, but quickly sold as it felt a little weak. I didn't know it yet, but the market was about to sell off hard, and take ROKU with it.

Stuck with it, and saw the initial sell off as another dip buy opportunity, and waited for a 1min 20ma cup entry trigger for second position. I quickly exited as ROKU felt like it was struggling to move up, despite it just having cleared the 1min 20ma cup with a higher high.

The market continued selling off even harder, especially the QQQs, and at that point I moved onto FSLY and ZM, since ROKU didn't feel like it was getting any love.

Similar to BA, my mistake was moving on from ROKU too soon, and not capitalizing on the opportunity that the sell off was really providing. I ultimately missed a very clean $8 move to the upside :-/

Did Right

• Stayed patient on the open, and waited for an entry signal, which in this case was the bottom being put in on the morning flush.
• Stayed with the stock, and waited for additional opportunities as ROKU struggled to pick a direction.
• Took profits near the 5min 20ma, which was a great target.
• Waited for 1 min 20ma cup entry signal on my second trade, which while not a great outcome, it was a solid trade.

Did Wrong

• Should have held onto more of my position, and not exited all at once; I left $1.50 on the table of upside on the initial bounce play.
• Could have been a little bit bigger in my initial trade; maybe one additional lot more.
• Moved on from the stock before it had picked a direction, and wasted the time invested watching it all morning; ultimately missing a huge move to the upside. Such a damn waste, for the 3rd day in a row :-/

Improvements

• Hold at least one lot for a little longer on trades; especially with ROKU
• Keeping watching stocks that I trade in the morning when they have yet to pick a direction for the day!

Next Trade Idea

Expect some continuation tomorrow to the upside, towards $160. Will be looking for an entry signal on the open; hopefully we get a flush, that I can buy into. Otherwise, will look for the 1min 20ma to hold. Just be cautious as it is extended a bit from the daily 20ma, and could easily consolidate here for a bit. Just let price action tell you where it's going.