TUP Trade on Jul 29, 2020 11:14 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Failed Follow Through vs HODs, vs Gap fill at 15s vs Oct 2019
*Entry: Planned at 15s, saw fail at VWAP and hit 14.70s
*Risk: 1:3

Catalyst and News:

and general play with the market

Fundamentals:

Tupperware has been on a steady grind upwards since the pandemic hit, with people at home likely needing substantially more storage keeping for food (should have occurred to me before taking a position).

Technicals:

HODs at 16.30s, failed through after testings the 15.70s a few times and I entered around VWAP expecting further fails and a downwards trend given the volume.

Summation:

Entered lower than I would have liked around VWAP. Watched it form a trend down and expected it to flush out further, but with even smaller volume it ramped up after one more fail past my stop and back into an uptrend.

Had fully expected a wash out once it hit the gap fill at the 15.80s from last year, but didn't happen. Stopped out within a few minutes. It kept going and ended near new HODs.

Takeaways:

Still banging my head against a wall trying to get the lesson to stick. Was hawking both KODK and CAPR this morning, and thanking some unspecified god that I didn't try to short the former. Saw that CAPR wasn't doing much beyond the move I'd already missed, so I looked for something else, was alerted to TUP, seemed like a decent idea.

Felt like I was letting the trade work considering the new bottom on the trend and vs VWAP, but I was mistaken and stopped out, 1R(1% Capital as usual). Making sure I'm not too beaten up about it, simply learning from it.

Other ideas I had planned might have worked this morning but let myself get distracted by KODK. Should have taken that off radar once it blew past 25. Here to learn and succeed, not be entertained.