EA Trade on May 7, 2015 10:19 from camilogomez38: Tradervue User Stock Trades.

I had alert sets for a possible 2nd day play as EA reported yesterday, either long above consolidation area of yesterday or short below consolidation area of yesterday. My bias was to the downside as it seems lately this ATH wonderful quarterly reports have been more a sells the news scenario (AAPL< SBUX, DNKN, DIS).

I went short on the re test of the level, and cover half on the first move of prior low (as I am trying to take half off to cover my risk). Another half when it slowed, and I left the rest for the trend to develop and cover around 60. I decided to cover the rest when the market was turning higher.

Review

Really nice trade in terms of idea, but I need to start being more aggressive on my trade management. For example I could have added another Tier when it retested my first cover point, and it was still below all SMAs. Also the stock traded lower while market was making new higher highs, so relative weakness should have given me more confidence to get a bit bigger.