KORS Trade on Feb 2, 2016 09:34 from tsun: Tradervue User Stock Trades.

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tsun

 

"holiday results exceeded analysts’ estimates,
boosted by e-commerce sales and a new lineup of accessories
1.59 v 1.46 estimated EPS
slightly lower guidance for earnings and revs for Q4"

"Looking for 46 or 47 to hold to go long
target 48 and into 50s in the next few days
with 2nd day play"

1st trade
After premarket high reached 48.39, I planned to see if 48 was holding.. when it faded back down to 47 area before market opening, I watched 47 as my next level. I scaled in using 47 as risk for a long and quickly scalped out some into 47.5, then rebought on the next dip but I exited once 47 was broken. I took a small loss but I did the right thing by exiting since 47 was violated. I then relonged at 47.5, sold partial slightly above it. I continued to try to play cash flow trade between the range of 47 and 47.5 with long in mind. A mistake here was that I started using larger sizes instead of scaling in which made me make irrational decisions between a tightening range. I took many losses this way which were bigger than usual.

I was a bit biased here as I wanted 47.5 to break and when it did not, I added back a little more above 47, hoping for the big move which never really came after 10am. After checking the 5 minute chart, it was pretty much printing doji candles for the first 30 minutes of the day. Realizing this, I exited my position in pieces and wanted to play it again later.


Execution detail:

Date/time Symbol Side Price Position
2016-02-02 09:34:35 KORS buy $47.390 long
2016-02-02 09:34:43 KORS buy $47.200 long
2016-02-02 09:35:58 KORS sell $47.480 long
2016-02-02 09:40:07 KORS buy $47.290 long
2016-02-02 09:40:15 KORS buy $47.310 long
2016-02-02 09:46:02 KORS sell $46.780 0
2016-02-02 09:48:49 KORS buy $47.390 long
2016-02-02 09:49:05 KORS buy $47.420 long
2016-02-02 09:53:14 KORS sell $47.600 long
2016-02-02 09:55:00 KORS buy $47.210 long
2016-02-02 10:00:13 KORS buy $47.500 long
2016-02-02 10:00:58 KORS buy $47.310 long
2016-02-02 10:01:31 KORS sell $47.400 long
2016-02-02 10:02:24 KORS sell $47.390 long
2016-02-02 10:03:05 KORS buy $47.550 long
2016-02-02 10:05:53 KORS buy $47.250 long
2016-02-02 10:09:44 KORS buy $47.240 long
2016-02-02 10:13:30 KORS sell $47.110 long
2016-02-02 10:16:33 KORS sell $47.000 long
2016-02-02 10:16:47 KORS sell $47.020 long
2016-02-02 10:17:32 KORS sell $47.140 0


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