AAPL Trade on Oct 21, 2015 09:41 from Holden: Tradervue User Stock Trades.

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Holden

 

Dev play:
Mid- Day - Consolidation above ONH/Key R w confirmation, volume and change of character- Continuation - AAPL
Research and information collection (what I was seeing and where I sourced the idea)
Chart work from yesterday. Day 1 break outs with a consolidation in the upper ⅓ of the range through the afternoon can give me 1 of 3 good opportunities the next day:
1) What I got today- Name consolidates above R through the morning, cleans up and trends higher
2) Price action pulls back early in the session and holds prior day support (usually a spike lower) - holds support and moves up
3) Price spikes higher on the open, pulls back hard below prior day upper level support and I can look for a possible short.

Creativity and the generation of trading idea (my thought process for what could develop)
Today I forced a bit which is why its my dev play. I dont want to force this play when the action has not developed in one of the 3 opportunities that I can execute from above. Outline those 3 scenarios and wait for them to confirm.
Entry execution and position management (Why did I take the play, why did I size as I did and what was my plan?)
Focus on just the real play here; Action had been choppy but showing relative strength by holding above R through morning pullback. When the action cleaned up as the SPY showed potential strength I had a good r/r for a move higher.
Entry may have been a little early but was a solid entry for the set up because I could control risk well there with tight action.
Risk management and exit execution (My plan for the play and my reasons2sell)
Risk management- Risk was controlled just below swing low and as soon as the action began to break higher I started to move my stops up to control risk through the play.
Exit Execution - Important thing I did today that was good. Set exit on ½ and it almost got there but did not. Immediately moved my stop up higher to protect myself but also moved my target up as if the action was going to break higher out of the upper consolidation I was going to look for a move beyond my initial target. Made second piece beat me before I took exit.

Self Management (Specifically self talk and did I support myself in a way that allowed me to execute to plan)
Managed myself really well focused on executing to my plan and moving my stop up but letting the action work for me. Not focused on my P/L at all and just playing good defense all the way up.
Next steps:
With the nice move up into R and strong 2 day move I could have easily reversed and look for a short but I liked other names for a short play more than this one.


Execution detail:

Date/time Symbol Side Price Position
2015-10-21 09:41:54 AAPL buy $114.051 long
2015-10-21 09:54:33 AAPL buy $114.141 long
2015-10-21 10:00:35 AAPL sell $113.925 0
2015-10-21 11:24:12 AAPL buy $114.360 long
2015-10-21 12:27:12 AAPL sell $115.330 long
2015-10-21 12:35:10 AAPL sell $115.420 0


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