Shared by
denlitvinn
The big picture
Strong stock on daily/weekly. The second-day play (3d) setup after good earnings JD was forming a R level of 92.00.
intraday fundamentals
On 30 min chart the bids are stepping up closer to this R level. Idea is to play off this level and get long. Market was initially going down but by the time of first entry was showing reversal.
Execution
First entry was preemptive, there was not enough buying pressure. Following entries were good but the stock didn't end up going higher.
What could have done better:
Exits were bad, I could exit on prices above my entries, the stock was consolidating above 92 for some time, no excuse to hit the bid. I was being jumpy while tape was not showing strong interest in any direction
Grade:
setup: A
entries: D
exits: D
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-06 09:56:58 | JD | buy | $92.030 | long |
| 2020-11-06 09:57:51 | JD | sell | $91.870 | 0 |
| 2020-11-06 10:13:41 | JD | buy | $92.160 | long |
| 2020-11-06 10:20:25 | JD | sell | $92.040 | 0 |
| 2020-11-06 10:20:52 | JD | buy | $92.130 | long |
| 2020-11-06 10:23:22 | JD | sell | $91.990 | 0 |
| 2020-11-06 10:23:32 | JD | buy | $92.040 | long |
| 2020-11-06 10:23:46 | JD | sell | $92.000 | 0 |
| 2020-11-06 10:25:24 | JD | buy | $92.100 | long |
| 2020-11-06 10:32:47 | JD | sell | $92.080 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!