ROKU Trade on Sep 21, 2020 09:34 from BSimmons: Tradervue User Stock Trades.

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BSimmons

 

-ROKU had news in PM that it reached agreement with NBC Universal's Peacock
-Did not see this news until just before open.
-Looking to play ROKU above 170. When it open it pushed above and came back to test VWAP and 4hr Cloud top. Entered with 1 CALL and a stop with a drop below VWAP. On the next candle I exited.
-Many mistakes made here but was able to learn a lot from this trade
The Good- Was able to recognize the trade before it happened. Was able to get a good entry and was able to take a profit.
-The Bad - I sold too early, did not recognize the significance of the news. Missed seeing big volume.

With this news I should have taken a bigger trade, specially when it made a pull back to VWAP (playbook trade)and a 7% short float(not huge but decent). Reasons I sold so fast is I've had 4 losing days in a row and ROKU is my biggest loser for the year. Also playing 1 contract I have to react fast or I can lose all profit and be in the red quick, especially with ROKU. Trying to build my confidence again. I have to not look at how much I "could've" made but how I can play this better in the future.
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Execution detail:

Date/time Symbol Side Price Position
2020-09-21 09:34:10 25 SEP 20 175 CALL buy $3.700 long
2020-09-21 09:35:20 25 SEP 20 175 CALL sell $4.120 0


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