Shared by
MichaelBLe
Tags:
Took this long as we are approaching the sneaky pivot area of 108.9. Took a half position to start. Overall market conditions in the first hour of the day is positive. Still cautious as the rebound may be short lived. Weekly shows low vol 3 weeks tight after the big run up.
The fundamentals are not amazing. This company is not earning money yet. The sales growth is strong and consistent. That doesn't mean the stock won't perform well. Technical action tells me there is something about this company that the market likes. Perhaps its a software security stock and that's where society is heading towards. More cloud based.
7-22
6:54AM
I took NET and DOCU at the same time but NET is holding up better currently. I'm very cautious with this name right now and with the market. Feels like we may be in a sell the rip buy the dip. I will scale out and won't let this go against me.
8:01AM
I took 1/2 off here as we go into mid day on the 4th day up. On the hourly chart, we are extended from the 20ema. My stop is at 112 which is the previous ATH. But I think I should move it up to protect more gains from this trade when the market takes a breather.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-07-21 10:24:03 | NET | 50 | $108.650 | 50 |
| 2021-07-21 11:26:20 | NET | 3 | $109.000 | 53 |
| 2021-07-21 11:26:20 | NET | 10 | $109.000 | 63 |
| 2021-07-21 11:26:20 | NET | 4 | $109.000 | 67 |
| 2021-07-21 11:26:20 | NET | 1 | $109.010 | 68 |
| 2021-07-21 11:26:20 | NET | 4 | $109.010 | 72 |
| 2021-07-21 11:26:20 | NET | 7 | $109.010 | 79 |
| 2021-07-21 11:26:20 | NET | 21 | $109.010 | 100 |
| 2021-07-22 11:00:29 | NET | -50 | $113.660 | 50 |
| 2021-07-22 12:09:45 | NET | -3 | $112.800 | 47 |
| 2021-07-22 12:09:45 | NET | -47 | $112.810 | 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!