MNST Trade on May 8, 2015 10:01 from foldelinio_BOWS: Tradervue User Stock Trades.

151.31M float/1.50% short float/79.90%
Earnings miss + downgrade by GS. It gapped into support prmkt and rejected new lows. I'm not too interested untill it falls beow 133$ and holds. If it does, there is 7$ downside.

Stop: 130$
R: 1.9

Well....what a stupid trade and what a waste of opportunity. Premarket levels were set, alarm went off below 133$ and the obvious level was 134$ because it cracked from there on volume.
I wanted a piece of the pie and scaled in with stop above 130$. It actually went down on size after my initial entry, but volume was traded and it couldn't get below 128.30$. That was a warning sign and I should have gotten out. Instead "I sticked to the plan" and added a second lot.
In addition, I wasn't fast enough to click out of the position and got slipped for almost another R.

It was a mediocre trade, it didn't work, so be it.
However, missing the short from 134$ THE level from the open is not acceptable. I had this price on my list the entire morning and did not take the trade, because I just lost a short in the same name. Tape was picture perfect, risk was 20cts max and first target was 4$ away

Biggest mistake of the day.