MTB Trade on Jul 18, 2018 09:53 from Marcos: Tradervue User Stock Trades.

                        Breakout trade

Trade idea: MTB reported positive earnings , the idea was to buy when break the resistance and hold to the next level with a stop as tight as possible.

Big picture: The banking sector is strong and MTB was on the longterm graph doing a pullback until a very important support where a few days ago started to rise again.

ATR:2.89
AVG VOL:910.05K
REL VOL:2.2
VOL:175.221K

Intraday fundamentals: MTB report positive earnings yesterday after the close

Technical analisys: the intraday resistance was at 169.75 and the intraday support at 168.54, the important resistance level was at 173 that was where I put my take profit

Reading the tape: I was reading the tape trying to find points to increase my position or to close if necessary, at 172.44 there was an important battle, so when the price went up i doubled my position, but as the price can not stand above 172.44 I had to sell half of my position. Then I kept looking in case I had to sell before the price touched my take profit at 173.

Trade management: I simply entered the position in the breakup of the resistance, I put my stop lost at about 0.50 cents below. The trade ended by touching the take profit.

Trade review:I am very slow at the moment of being able to hit the price and make execution mistakes.
I liked the selection of the stock but I can not find points to increase the position.
I need more practice on the tape to have more precision in my trades.

                                    One good trade

Proper preparation: I read the most important news of the market, look for stocks in play, I set the most important levels and I put alerts. I did my trading ideas and look at the data of each selected stock.

Hard work:I knew that 169.74 was an important resistance, I got into my position and I kept observing if the price held above in case I needed to re enter.

Patience: I Wait until the market opened and enter as soon as possible at the expected level, do not close my position until the price was as far as I expected.

Plan: The plan was very simple, was to wait for the resistance break to enter and go to the next important level or close the position before the price fell a lot or appeared many sellers on the tape.

Discipline: I knew where to enter, cover and close my position.

Contribution: I shared this trade with Rose

Replay your important trades: Today I made some mistakes that I must repair as I do not measure the risk well in NFLX or TSLA. I must find trades where I can increase my position.
I need to increase my velosity when executing orders.