BAC Trade on Jan 16, 2019 09:39 from RE3: Tradervue User Stock Trades.

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RE3

 

Stock Selection - C
RVOL - 2.5 / AVOL - 76.63M / ATR - .86 / Float - 9.81B / FS% - 1.47% / Inst Own - 69.40%

Daily chart resistance at 29. Gap up over 5%. I was looking for the stock to run to around 29 resistance with an ATR of .86 and open around 28. I had already made some cushion trading this premarket off .80 cents. I got long the first 1m green candle as I expected the stock to hold that same .80 cents area from pre market. I was trying to limit my risk so I keep adding and taking size off when it didn't go. Given how thick the stock is I need to give it below the range a bit before taking size off. The best spot for size was that 5 bar consolidation at 28 and break above. I should have added a lot more size with .05 cents or so risk. Good job scaling out into the first up move. I really did a poor job following the stock on the pull into VWAP. I went to another name and missed the hold at VWAP + higher low. That's another trade I should have taken with good size. I have to be better about setting alerts at levels I want to re enter a stock since my target was much higher. Overall, I made a really nice trade but the takeaway here is when a stock is working for you keep playing it.


Execution detail:

Date/time Symbol Side Price Position
2019-01-16 09:39:58 BAC buy $27.940 long
2019-01-16 09:39:58 BAC buy $27.940 long
2019-01-16 09:41:11 BAC buy $27.950 long
2019-01-16 09:43:47 BAC sell $27.890 long
2019-01-16 09:44:41 BAC buy $27.930 long
2019-01-16 09:51:10 BAC sell $27.910 long
2019-01-16 09:51:11 BAC sell $27.910 long
2019-01-16 09:51:11 BAC sell $27.910 long
2019-01-16 09:51:11 BAC sell $27.910 long
2019-01-16 09:51:11 BAC sell $27.910 long
2019-01-16 09:51:11 BAC sell $27.910 long
2019-01-16 09:54:07 BAC buy $27.910 long
2019-01-16 09:54:07 BAC buy $27.910 long
2019-01-16 09:56:53 BAC buy $27.950 long
2019-01-16 10:04:53 BAC sell $28.120 long
2019-01-16 10:08:44 BAC sell $28.260 long
2019-01-16 10:08:58 BAC sell $28.250 0


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