SQ Trade on May 18, 2018 11:05 from d3totherescue: Tradervue User Stock Trades.

Consolidation Buy

Trade Idea:

Buying consolidation between in 54.60-.80 for a breakout. I was risking just off the .40 level because that was the low of the consolidation.

Risk Management:

I wanted to risk .12 on the trade but i ended up risking a bit more. SQ has been bullish on the daily, and consolidation breakouts have been paying nicely. This hasn't been my only trade on this stock.

Improvement:

-wait for the entry at 54.40
-do not chase during the pm lull. NO NEED TO CHASE EVER
-limit risk; less is more

Execution detail:

Date/time	Symbol	Side	Price	Position
2018-05-18 11:05:00	SQ	buy	$54.550	long
2018-05-18 11:11:00	SQ	sell	$54.380	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=7467696&end=20180518123800&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=7467696&end=20180518133600&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=7467696&end=20180617&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=7467696&end=20181015&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SQ Trade on May 18, 2018 11:05 from d3totherescue: Tradervue User Stock Trades.

Consolidation Buy

Trade Idea:

Risk Management:

Improvement:

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