ROKU Trade on Mar 5, 2019 09:36 from Gideon23: Tradervue User Stock Trades.

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Gideon23

 

Execution of the trade plan was good to go, however, this stock truly did not have a catalyst for the trade to actually push off and work

Gets worse! Get thing is that I love these empty charts. They are allowing me to truly see the price movement. Going forward I will be placing the long-term supply areas back on the chart. I am not afraid to enter the stock when it sets up due to being farely comfortable with the setup and really getting the idea that as a passive trade I am reliant on other traders to hit my target. As long as I handle my technical stop on a move I believe that I am well equipped to calmly place my entry and understand the movement of the trade. I will use these areas of supply to understand whether or not it is worth my effort to take the trade (2/1) min. As I look at some of my trades I realize that if I trade in this manner it will reduce alot of the opening range trades that I take. Obviously, this is good because just because the market is open doesn't mean I need to be trading.

**Roku got me! The price action before the open should have hinted that I shouldnt enter this trade. The action was str8 digital hinting at some form of manipulation of the price action. Furthermore, this stock had no catalyst and should have been avoided quite honestly . I am getting into the groove and working to trust my process. I think think the biggest thing that I am beginning to take away is that the r/w must make sense or the stock shouldn't be entered. **


Execution detail:

Date/time Symbol Side Price Position
2019-03-05 09:36:52 ROKU buy $67.188 long
2019-03-05 09:38:02 ROKU sell $66.701 0


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