BYND Trade on Feb 19, 2020 09:45 from TheDumo27: Tradervue User Stock Trades.

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TheDumo27

 

I had BYND on watch as its been trending up with strong moves early the past few days. I missed a few plays in NVDA earlier and saw BYND push through VWAP and hold above it well. It started to form a small bull flag with lowering volume proving that it was holding up and the bears were not pushing it lower. There were strong support wicks each time it tested VWAP as well. I entered just as it broke back above $124. It pushed up and tested $125 were it rejected a few times then had a random shot to $125.30 where i almost locked gains but held out due to a little greed even though i was only in the trade for 7 minutes. I held through the pullback all the way back to $124. I thought i was going to have to get out and regretting not catching that pop for my exit. It then started to make a steady climb back up to break $125 where there was some decent resistance on the tape that kept getting chipped away until the clean push through. I locked gains when it slowed at $125.50 and also didnt want to give back profit again. Locked for a 17% gain.

Entry: A
Clean support above VWAP forming a wedge to catch the breakout. Well timed patient entry considering my slight fomo feelings missing multiple entries on NVDA.

Exit: C
I got a solid $1 move early where it found resistance then a quick pop though it. The pop rejected real quick but i had my order up ready to send but hesitated and watched it pullback. Luckily it continued its move up for me to not really regret holding out. Many times this has bit me making me go from green to red. I need to lock sooner with my target gain hit quickly.

Emotion: C
With myself fighting the fomo urge after missing some excellent opportunities i felt like i kept a level head and looked for another play setting up. Even though there was so much more in the NVDA trade left my mind was stuck on the entries i should have had so i needed to look away from the stock. I did feel slight greed when i held through the pop looking for more and instead of just locking gains on the start of the pullback i held until my entry was tested. I also noticed i was down on the trade even when it was 40 cents above my entry. My contracts lost good premium that i didnt notice until it had already bounce off $124 again. If it broke $124 and then i looked to get out i would have lost a bigger chunk then i wanted to. I need to pay more attention to my option price while in the trade to keep my mental stop in check. The trade worked out but it was not very clean overall and could have easily gone the other way on me. Better discipline with exits is needed.


Execution detail:

Date/time Symbol Side Price Position
2020-02-19 09:45:52 FEB21 20 125 CALL buy $2.720 long
2020-02-19 10:08:33 FEB21 20 125 CALL sell $3.200 0


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