TGT Trade on May 19, 2021 09:34 from diemo: Tradervue User Stock Trades.

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diemo

 

Big Picture

SPY gapped down 1.24%
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And recovered during the day:
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Elon Musk was rejecting Bitcoin after he initially accepted it as a payment option for Tesla cars. Reason: bad impact on environment. (Energy consumption) With his statement all crypto-currencies dropped down.

Nervous market opening.

Daily

TGT - gapped up 1.88% with earnings:

"Target (TGT) – Target earned $3.69 per share for the first quarter, well above the $2.25 a share consensus estimate, with revenue also above analysts’ projections. Comparable-store sales surged 22.9%, more than double the forecast of analysts surveyed by FactSet. Target shares jumped 3.8% in premarket trading."

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Idea

When price breaks resistance level - long.

Execution

The price opened near PM-Low. When price broke R1 I went long to PMH / ATH. I actually thought it would hold above ATH. Bought again 10 shares.

Rating

6/10

Chart

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Learning

  • I indeed thought the ATH would be broken. PMH was the TP in the end. I actually only need one good trade a day. Focus on that one!

Execution detail:

Date/time Symbol Side Price Position
2021-05-19 09:34:00 TGT buy $213.900 long
2021-05-19 09:54:00 TGT sell $217.220 long
2021-05-19 09:58:00 TGT sell $217.220 0
2021-05-19 10:02:00 TGT buy $217.600 long
2021-05-19 10:23:00 TGT buy $215.110 long
2021-05-19 12:35:00 TGT sell $217.690 0


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