AAPL Trade on Jul 12, 2018 09:49 from Marcos: Tradervue User Stock Trades.

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Marcos

 

Big Picture: AAPL is in an uptrend in a long term, today there was fresh news.
ATR:2.82
AVG VOL: 26.900.000
RVOL:0.61
VOL%: 40

Intraday fundamentals: thare was Apple® updated MacBook Pro® with faster performance and new pro features

technical analysis: there was a resistance at 189.4 and the next resistance at 190.35, even though the important resistance was about at 191.3

Reading the tape: When I entered the position I saw a lot of activity on the tape, when 190.3 became a support, I noticed the strong buyers on the tape and I thought the price could not go down, and I bought 20 more shares, after that the price went down to 190.2 but soon I went back up more than 190.3 and increased my core with 20 shares more. When the price drops to 190 I close my position to avoid losses.

Trade Magement: The idea was to buy in the breaking of the resistance in 189.4, I lost it and I could enter the pull back at the price of 189.75. The idea was to leave when I saw that the price stops or that many sellers appear on the tape. I put a stop lost at 189.09. Look to increase the position in this trade but I hasten to increase the core from 100 to 140 in 190.3. When the price fell more than I expected, close the whole position at 190 with a small profit.

Trade review:I liked the selection of the stock, I was slow at the entrance and I ruined the trade by too quick to increase the position. I find it hard to understand why I should increase the position and how to move the stop lost.

Trade idea: possible second day play


Execution detail:

Date/time Symbol Side Price Position
2018-07-12 09:49:03 AAPL buy $189.750 long
2018-07-12 10:15:12 AAPL buy $190.340 long
2018-07-12 10:30:06 AAPL buy $190.470 long
2018-07-12 10:45:49 AAPL sell $190.230 long
2018-07-12 10:48:08 AAPL sell $190.140 long
2018-07-12 10:56:53 AAPL sell $190.010 0


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