UTSI Trade on Aug 31, 2020 09:46 from CapitalMastery: Tradervue User Stock Trades.

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CapitalMastery

 
Summary

UTSI gave a great entry signal at open, but I honestly put on the trade before it fully triggered in anticipation. Scaled into the trade as it confirmed, more and more. Unfortunately, since I was sized up nicely, I was anxious to take the trade off so started scaling out in the 1.60s, and was all out by 1.60, leaving a lot of meat on the table. If I'm going to take these trades, I really should let them stay on until at least the 30min20ma. Probably need to do some back testing on targets to build up my conviction as this was technically not a scan play.

Why Was I in This Trade?

Small cap large gapper which gave a valid pre-market 5min cup/30minbab + opening 20min low confirmation for entry signal.

Did Right

Identified the opportunity, and waited for my entry signal to attack. Also scaled into the trade as it worked/confirmed.

Did Wrong

Exited out of my full position before planned targets were reached, or was stopped out.

Improvements

Ok to take partials at 20min20ma, but leave at least 2/3 on for Day 1 / Day 2 targets; especially if clean 20min bars.

Next Trade

Not until next pop/gap

Playbook

UTSI (BG)


Execution detail:

Date/time Symbol Side Price Position
2020-08-31 09:46:35 UTSI sell $1.810 short
2020-08-31 09:46:41 UTSI sell $1.830 short
2020-08-31 09:46:48 UTSI sell $1.821 short
2020-08-31 09:47:14 UTSI sell $1.820 short
2020-08-31 09:47:14 UTSI sell $1.820 short
2020-08-31 09:47:17 UTSI sell $1.820 short
2020-08-31 09:50:21 UTSI sell $1.820 short
2020-08-31 09:50:23 UTSI sell $1.810 short
2020-08-31 09:54:32 UTSI sell $1.800 short
2020-08-31 09:54:35 UTSI sell $1.800 short
2020-08-31 09:54:37 UTSI sell $1.800 short
2020-08-31 09:54:44 UTSI sell $1.790 short
2020-08-31 09:54:45 UTSI sell $1.790 short
2020-08-31 09:54:46 UTSI sell $1.790 short
2020-08-31 09:54:47 UTSI sell $1.780 short
2020-08-31 09:54:52 UTSI sell $1.790 short
2020-08-31 09:55:25 UTSI sell $1.800 short
2020-08-31 09:55:53 UTSI sell $1.820 short
2020-08-31 09:56:07 UTSI sell $1.830 short
2020-08-31 09:56:25 UTSI sell $1.820 short
2020-08-31 09:56:27 UTSI sell $1.810 short
2020-08-31 09:58:19 UTSI sell $1.810 short
2020-08-31 10:01:51 UTSI sell $1.760 short
2020-08-31 10:07:47 UTSI buy $1.760 short
2020-08-31 10:09:28 UTSI sell $1.740 short
2020-08-31 10:18:45 UTSI sell $1.710 short
2020-08-31 10:18:47 UTSI sell $1.700 short
2020-08-31 10:18:53 UTSI sell $1.700 short
2020-08-31 10:27:02 UTSI buy $1.650 short
2020-08-31 10:27:02 UTSI buy $1.648 short
2020-08-31 10:27:03 UTSI buy $1.650 short
2020-08-31 10:27:03 UTSI buy $1.650 short
2020-08-31 10:27:03 UTSI buy $1.650 short
2020-08-31 10:27:08 UTSI buy $1.650 short
2020-08-31 10:32:21 UTSI sell $1.670 short
2020-08-31 10:35:22 UTSI sell $1.690 short
2020-08-31 10:42:06 UTSI buy $1.660 short
2020-08-31 10:47:57 UTSI buy $1.630 short
2020-08-31 10:50:12 UTSI buy $1.630 short
2020-08-31 10:50:12 UTSI buy $1.626 short
2020-08-31 10:50:12 UTSI buy $1.630 short
2020-08-31 10:50:12 UTSI buy $1.628 short
2020-08-31 10:50:12 UTSI buy $1.630 short
2020-08-31 10:50:16 UTSI buy $1.630 short
2020-08-31 10:50:16 UTSI buy $1.628 short
2020-08-31 10:50:48 UTSI buy $1.629 short
2020-08-31 10:52:22 UTSI buy $1.628 short
2020-08-31 10:52:43 UTSI buy $1.630 short
2020-08-31 10:53:56 UTSI buy $1.620 short
2020-08-31 10:54:32 UTSI buy $1.620 short
2020-08-31 10:55:47 UTSI buy $1.610 short
2020-08-31 10:56:17 UTSI buy $1.610 short
2020-08-31 10:56:33 UTSI buy $1.620 short
2020-08-31 10:56:33 UTSI buy $1.617 0


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