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JRockTrades

 

TEAM

Jan 28, 2022 09:44


Shares traded: 60
Closed Gross P&L: $149.45

Tags:

Earnings VWAP

Big Picture

TEAM eps .50 vs .39 estimate, revenue $688M vs $641 estimate with raised guidance.

Technical Setup

After gapping up in the pre-market, TEAM sold hard after the open from 310 to 290. It then retraced to VWAP at which point I got short looking for a move to the LOD, risking 60 cents.

Trade Management

I took off 25% of my position about $2 lower to cover risk. I continued to take profits into the LOD and the final bit got trail stopped out when TEAM retraced towards VWAP.

I tried to reshort from 295 with limited sucess.

Conclusions

In this market environment, it is best to catch a move in a name and move on. Trending trades are getting stopped out by the extreme volatility.


Execution detail:

Date/time Symbol Qty Price Position
2022-01-28 09:44:03 TEAM -20 $301.900 -20
2022-01-28 09:45:09 TEAM 5 $299.790 -15
2022-01-28 09:47:40 TEAM 5 $294.800 -10
2022-01-28 09:52:06 TEAM 5 $290.670 -5
2022-01-28 09:57:27 TEAM 5 $293.130 0
2022-01-28 09:59:37 TEAM -1 $294.970 -1
2022-01-28 09:59:37 TEAM -1 $294.970 -2
2022-01-28 09:59:37 TEAM -8 $294.970 -10
2022-01-28 10:01:02 TEAM 5 $293.740 -5
2022-01-28 10:03:43 TEAM 5 $295.520 0


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