ATVI Trade on Jan 11, 2019 09:48 from MarcoG: Tradervue User Stock Trades.

Gravatar

Shared by
MarcoG

 

Consolidation Squeeze Play below pm low on ER miss!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength


I write this report on 01/12/2019.

As I said before I can't move the price in the direction I wish, I can only stop the position if goes against me. I did it but not using hard stop losses anymore I always give up some cents more then expected, nothing too big but still few cents per trade it's an accumulated loss that perhaps can be avoided. I have to practice more having mental stops and being more effective in exiting with no hesitation even if is only about 10 cents above your original exit. Here my hard stop would have been at 45.55 and exited at 45.66
I will improve the practice day by day!!

01/16/2019
I think I have to manage better when a trade goes against me. I have to rely on facts and not hopes. So when wrong even if it will cost me few cents against me just GET THE FUCK OUT.
But the man then you miss an opportunity. And there we go with my never ending dilemma.
So taken first target if the trade goes against me stop it few cents above using the fact that I have a first target profit as cushion. If the stock then takes your direction say bye bye to the trade. Other scenario would be that even if I have got a first target I can use my stop included the little profit to give space to the stock.
Third scenario I adapt on market conditions thus with a strong trend I can give more space while in a whipsaw period such now where SPY still didn't get a clear direction I should be more conservative.
I will update to see what would be the best choice to take!


Execution detail:

Date/time Symbol Side Price Position
2019-01-11 09:48:21 ATVI sell $45.030 short
2019-01-11 10:06:21 ATVI buy $45.660 short
2019-01-11 10:06:27 ATVI buy $45.660 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in