MU Trade on Feb 12, 2020 09:31 from tradingmamba: Tradervue User Stock Trades.

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Shared by:
tradingmamba

 

Opening Range breakout trade.
As soon as the market opened it has tremendous volume, and that volume tends to go with the trend. I took a 1 MIN ORB on this trade with about 20 cent risk. Goal was to get to 60$

entry 59.29 - was a little early I should've been more patient and see more confirmation, I almost got stopped out on what was a good move.

Exit - I took partial at 59.58 which was close to my 2 to 1 then partialed all the way up to 60.52 I should've held onto more shares longer due to there not being a reason2sell.
The stock was trading at twice its normal volume on the day one of the larger reasons I was watching MU it also had some positive news. Analyst projected a rebound in memory chip pricing

Overall ive very new and feel good about this trade the things I need to work on are holding my winning shares longer and showing more patience on the entry price. I felt physically and mentally well yesterday. This was my only trade 1 and done.


Execution detail:

Date/time Symbol Side Price Position
2020-02-12 09:31:14 MU buy $59.290 long
2020-02-12 09:33:29 MU sell $59.580 long
2020-02-12 09:33:50 MU sell $59.700 long
2020-02-12 09:34:47 MU sell $59.870 long
2020-02-12 09:35:06 MU buy $60.060 long
2020-02-12 09:35:15 MU sell $60.080 long
2020-02-12 09:36:00 MU buy $59.800 long
2020-02-12 09:37:02 MU sell $60.210 long
2020-02-12 09:37:33 MU sell $60.250 long
2020-02-12 09:41:15 MU sell $60.520 0

Comments

Gravatar TheDumo27
February 14, 2020

Great trade and review. Great timing and well played overall. I think Bella would be happy with that.

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