CYBR Trade on Feb 14, 2019 11:43 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

Consolidation Squeeze Play above pm high on ER beats!!

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


CYBR opened the day gapping up but with no consistent volume. Reason why I didn't trade it at first.
At high of the day I have tried to spot a good entry but the overall scenario didn't give confidence to stay in the trade. Exited at first pullback following what I was feeling. Price action sucked and I hate to stay in a position I don't feel comfortable.

06/08/2019:
I am happy that I no longer make these kind of considerations. If there was no setup to follow why I have traded it? Price action didn't suck, I sucked at this trade! If there was no volume at the open why should have then come in later when I have opened the position?
The entry would have been above pm highs that I guess was around 101 or just at the break of the 100 level. Eventually after 11 a second attemp could have placed at the break of 102


Execution detail:

Date/time Symbol Side Price Position
2019-02-14 11:43:21 CYBR buy $102.710 long
2019-02-14 11:44:24 CYBR sell $102.610 0


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