NTNX Trade on Mar 1, 2019 10:00 from ValeriuMoraru: Tradervue User Stock Trades.

Initial Comment:

This was a good trade. I so that it was ready to drop on the tape because the bid kept getting decremented and immediately after the ask also decremented a few cents, also it was holding lower and lower with not a ton of volume so i figured that it was going to drop at the hole number if it made more volume and retested it again. And surely at the hole number it got hit hard on the ask and it didn't got up, in fact it got immediately to the low 80c and started to hold there for 1 min then drop almost 20c more (so this was a change in pattern for me). At 70c i so it was slowing down and i decided to get out.

Proper Prep:

I analyzed the chart and the important levels, put it into my game plan and watched trade for 20 min so i could understand the spread and what was going on with it. I knew the news on it and why it was getting hit, even if it had better then expected EPS and Revenue numbers.

Hard Work:

I watched trade before and after on the open really closely to understand where i can get in without to much risk. I so that $34.10 was holding and also the hole number got retested again for the 10th time, so i figured that this time it was going to drop because it was holding lower and lower with no volume also the bid and ask got decremented constantly. At the hole number made a ton of volume and it started to drop.

Patience:

I think i was patient to let it develop, in fact i usually struggle with this trades, i like when they move quickly and i don't have to wait to see my result. But to be honest the risk is much better on this type of trades because it help me understand better what is going on.

Detailed Plan:

I was going to cover if it lifted 11c and exit at 33.72c if it didn't slow down at 90c or 80c. It got to 34.14 for a micro second and then dropped, i almost hit it then i so it decremented immediately so i let it go down and figured it was a way to get me to cover in order to eliminate some short seller near 34.

Discipline:

I think i made the right decision to not cover immediately, so i wouldn't call that undisciplined. I so weakness on the tape so i had no reason to cover it. I respected my detailed plan and didn't risk more because i was watching closely the tape. I mist the other longs and shorts but i didn't case it and waited for the right opportunity for me.

Contribution:

NON

Reviewing:

This trade is a good trade (for me), of course it could had been 10 times better but i'm trying to not force trade and to not trade the open until I'm more sure of what I do is right. I really hate to put my self in a situation where i have to dig my self from hell just because i forced my trades. I will step by step understand and learn how to trade better the open by analyzing, studding, reviewing my recording and of course trading it
but without forcing it. For now i know my skill level and i don't like to gamble.