BA Trade on Jul 31, 2020 09:55 from spyrosz: Tradervue User Stock Trades.

Nailed this but room for improvement.
A+ setup, huge trade, let's review:

I was watching it very closely after earnings report.
$168 was MAJOR SUPPORT level, break+hold below it opened door to next important daily support at $156 (previous breakout level).
Day I=Earnings day: Missed the momo trade through $168 even though I was watching it (difficult short to take, extended even in small timeframes).
Day II: Broke below Day I LOD=$162.5, held below throughout the whole session, trading in a very tight range ($161-163). Great digestion day for the move to come.

Day III (today)
Plan as follows: No trade as long as it trades above S1=yesterday's low=$161. Break on volume and hold below S1=$161 and we are game on. Target $156!!

Opened in-front of S1=$161 at the open, held it and rallied higher. Sharp sell-off brought price below S1.
-- Break through S1=$161 on increasing volume
-- Consolidation below S1 for about 15-20mins, being unable to get a close above the level (not a single 2/5min candle managed to close above $161).
-- 9EMA@5min caught up with price started pushing lower.
-- market alignment, overall market was crushing same time!

Got short Tier 0, risking above VWAP+yesterday's close=$162. Added Tier I as I was getting more comfortable with the trade, tape looking extrmeely weak, expecting the momo sell-off to S2=$156.

Covered small in-front $160, took some off at $159 and $158.5.
At that time, BA was looking a bit extended on the 5min, and esp. the 15min chart. I knew a retracement to higher prices (probably VWAP) was coming.

Took a partial stop when it broke through the 9EMA@5min chart (which was trailing perfectly since that time), held remaining size with a stop at $161.

(-) Too many unnecessary covers way before price target=$156. This is an A+ trade, playing out exactly as planned - if not better. I should have been more conservative in taking profits.

BA rejected VWAP+9EMA@15min chart, broke the bear flag and continued lower towards target. Covered some at $158, all out at $157.

(-) Major foul on this trade is NOT adding shares back to the short after the clean rejection of VWAP - actually BA never made it to VWAP - and at the bear flag resolution, expecting the 2nd leg lower to target.
Downward momo + signs of continuing weakness still there. I should have watched the tape closely and add back shares to the short.

----> Trade thesis + A+ setup + tape confirmation = AGGRESSIVE with size + conservative with exits.