PINS Trade on Nov 2, 2020 09:34 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

PINS
Intraday Fundamentals
• Recent ATH has retraced into 60
• Blow out earnings
• Tight spread and good ATR
Technical Stats
ADV 20.15 RVOL 2.87 ATR 3.89 Short 3.52% Inst Own 69.2%
Daily
Hourly

• Setting up to test Fridays LoD
Intra

• 61 is acting as a couple of level including the PM high
• 57.60 should be minor support as well
Reading the Tape
I was not able to get a tape read on this before I entered. I did catch a stall after I had entered the trade 40 cents below where I entered and did not act on it to increase the size I had.
Trade Management
Trade Notes
I had to nut up a little here. I cannot pick anything particular on the tape when this flushed the prior day low. With the quick action off of 57.40, I entered when it reclaimed that price. I was aggressive on this as there was no clear stop if this level failed. I would not add when I most likely should have. the action off 57.20 was quick and I did not see anything that demanded the change in character even though the tape gave me a sense to add. I did manage to get a partial similar to the adverse spike against me. I was able to hold until this started showing some weakness coming into 57.40.

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Execution detail:

Date/time Symbol Side Price Position
2020-11-02 09:34:29 PINS buy $57.774 long
2020-11-02 09:37:46 PINS sell $58.100 long
2020-11-02 09:40:32 PINS sell $59.214 0


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