STZ Trade on Oct 8, 2015 10:28 from Mari_BOWS: Tradervue User Stock Trades.

-1.2R

STZ had earnings out yesterday. I was expecting a red-to-green intraday. I was watching the stock at the open when it was in the $134's. It looked like it was forming a bear flag and I was afraid to buy. Red-to-green happened. :)

ENTRY: I bought the pullback to 9EMA which was also the level of yesterday's close. I thought it would act as support.
Stop was $134.37
First target was HOD at $134.90, but I expected the price to go further.
2R target was $135.14

EXIT: I got stopped out. I didn't have a physical stop in place when the price dropped and I got out the next time my stop was hit.

I actually thought of buying again during the consolidation after I was stopped out, but it was just a thought. Again I thought of buying between 2-3pm around $135.75, but I had been losing a lot during the day and didn't have much faith in the trade. It would've worked out though.

Just for fun... the price broke the 9EMA for the first time around my 5R target. The HOD eventually was close to my 9R target.

When I had entered the trade, Jens gave me his thoughts on the stock:
[6:50:24 PM] Jens: it is a 25bn company
[6:50:30 PM] Jens: a super tanker
[6:50:38 PM] Jens: it's ATR is 2.70 per day
[6:50:58 PM] Jens: today its range was perhaps 1.5
[6:51:08 PM] Jens: it has a large bid ask spread
[6:52:04 PM] Jens: it might pop a little once it clears the 134.90s
[6:52:45 PM] Jens: but given the price, capitalization and volume (bid ask) it is very tough to make money day trading this ticker