BA Trade on Feb 10, 2020 09:58 from TheDumo27: Tradervue User Stock Trades.

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TheDumo27

 

I was originally looking at BA for a short below $335 level but with ES pushing up i switched to looking for a call. BA broke into my $340 zone where it hovered for a few minutes before pushing strong through $341 and $342. I was looking to enter on that break with momentum of $342 but missed my entry as i was watching AAPL as well break back below $318. I was patient with BA and waited for another entry. BA bounce a little between $344 and touched $342. It started to show good support at $343 on the tape and with ES breaking HOD i entered. My target was $344. It got there within 3 minutes and broke $344 pretty quickly with little resistance on the tape. I held for a little bit longer to see if the momentum continued but it tested just below $344 and no big support showing on the tape so i exited on the next bounce back above $344. Total hold time was 4 minutes.
I had a good entry and timing managing patience and execution well. I should have locked my gains quicker as this was a scalp play and I have had problems with locking when it hits my target as i start looking for more. Too many times it hits my target and passes just barely to then reject and me hold for much longer then i should sometimes, then holding into a loser. My main focus right now is locking my gains quicker and sticking to my targets. I was not tested with my loss control today but the my biggest issue is holding onto losers too long. One good trade at a time. I could have locked a little quicker for myself but all in all a good trade for me. $27 gain. Due to small capital i bought the Feb 14 350 call.


Execution detail:

Date/time Symbol Side Price Position
2020-02-10 09:58:28 FEB14 20 350 CALL buy $2.470 long
2020-02-10 10:02:12 FEB14 20 350 CALL sell $2.740 0


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