HTZ Trade on Jul 17, 2017 12:11 from d3totherescue: Tradervue User Stock Trades.

Setup:

HTZ ran up from the open, and then it had a pull back. I waited for the pullback to see if it would re-claim highs. HTZ did not reclaim highs, and then it tanked for .40. I was hoping for a support at 15.90. When it broke 15.90, I got short.

Mindset:

The stock was looking weak when I was short. I was only looking for .20 on the trade. I did not think the trade would work when I originally shorted it. HTZ continued to show weakness on the tape. I covered the first 1/2 when HTZ reached my first target. I covered my second target .20 later at a strong support level, but the stock continued to tank. HTZ offered many opportunities this week.

Improvement:

The only aspect of this trade I could improve is holding the last 1/2 for a bigger part of the move. If you notice, the first pull-back was around 15.90. I could have shorted the original down move at 15.90.
I am working on a trend reversal strategy. I have to use smaller size when I am working on a new strategy.