SNAP Trade on Oct 30, 2020 10:59 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Jul 31 2020: MSFT in talks to buy TikTok / direct competition
-Oct 20 2020: Earnings - Revs up 23% Q/Y

Technical Analysis

-SPY pattern: Bear Flag
-Intraday pattern: Bear Flag
-Other notes: Setup was part of a PEG (Power Earnings Gap)

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 39 level
Confluence: Whole $, PEG
Strike Zone: 39 - 38.7
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 39

Review / Lessons Learned

Successful FT-15 Scalp with 4/5 of my position but I should have reloaded back at support since this was a good setup and A+ level. I need to keep reloading at support on these good FT-15 setups (with PEG / Whole $) and recycling around a core (putting on full x2 at floor then taking 2/3 into strength slowly). Good setups like this have swing potential as well.

Lessons Learned: On good FT-15 setups with multiple confluence factors, I need to keep reloading at the A+ floor (with clear risk in mind) and using share recycling to my advantage (scalp 2/3, hold 1/3)

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Execution detail:

Date/time Symbol Side Price Position
2020-10-30 10:59:40 SNAP buy $39.050 long
2020-10-30 10:59:40 SNAP buy $39.047 long
2020-10-30 10:59:40 SNAP buy $39.050 long
2020-10-30 11:01:09 SNAP sell $39.310 long
2020-10-30 11:03:30 SNAP sell $39.320 long
2020-10-30 11:12:21 SNAP sell $39.480 long
2020-10-30 11:14:44 SNAP sell $39.610 long
2020-10-30 11:27:03 SNAP buy $39.040 long
2020-10-30 11:27:03 SNAP buy $39.040 long
2020-10-30 11:27:03 SNAP buy $39.040 long
2020-10-30 11:27:33 SNAP sell $38.950 long
2020-10-30 11:27:33 SNAP sell $38.950 long
2020-10-30 11:27:33 SNAP sell $38.950 0

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