JNJ Trade on Jul 17, 2018 09:33 from Marcos: Tradervue User Stock Trades.

Proper preparation: I was reading the news in the closing and later important levels in the stocks that I consider most appropriate for me. At 8 am I was in the premarket looking at the data of the stocks, the idea is taken by AM meeting.

Hard work: I was gathering all the possible data, I knew that the JNJ had reported earnings and when I broke the level of buy buy 100 shares. I put my stop lost and I stayed watching the tape and seeing that the new support resists.

Patience: The idea was to enter when JNJ breaks the resistance at 127.49, wait for the market to open and break this resistance, when it came into my position.

Plan: The plan was if it saw a lot of force and the market would wait for the trade to evolve until it noticed many sellers in the tape or close the position in the next important resistance.

Discipline: As soon as possible after reaching the price you wanted and close the position at the planned level

Contribution:

Replay your important trades:I am improving the selection of stocks, I still do not read the market data well and I do not know if it is a trade2hold or if it is not. I am very slow executing operations.

                          Breakout trade

Trade Idea: Buy as soon as the price go up to 127.49 and sell in 129.

Big picture: Days ago JNJ broke the resistance in 124 and today had a gap of 3%

ATR: 1.7
AVG VOL: 6.600.000
VOL%: 18
FS:0.59
VOLUME:6.000.000

Intraday fundamentals: JNJ report aernings

technical analysis: important resistance at 127.49 - 127.8. The support was on 126.2

Reading the tape: once the price was above 127.49 I saw an increase in demand on the tape and I bought

Trade management: I bought above 127. 49 which was my resistance level, I put the stop lost at 126.98 and the trade closed when I hit the stop at 128.9.

Trade review: It was a good choice of the stock, it takes a long time to buy, I'm slow to execute the orders.
Maybe I could have endured the trade and tried to increase the position.

Trade idea: possible second day play