$BUD, Anheuser-Busch

Trade Date: 04/24/17

No significant news on Anheuser-Busch, but the stock gapped up on strong premarket volume. If I can support the beer industry count me in! Just please never pass me a Bud Light Lime.


Trade Style: Day Trade

Position Bias: Bullish

Technical Criteria

  • Price Change: + $ 3.77 and +3.48%
  • Premarket Volume: 116,030  shares
  • Daily Average Volume: 2.0 million shares
  • Average True Range: $1.13

    Entry Price & Time

                I’ve been experiencing a lot of technical difficulties this year, and it really stinks when it happens to a winning trade. I was being rejected for entering with a large share size, but was finally able to get my orders in when I entered a little bit at a time. If I had more, my R Multiple would’ve been higher.  

                Average Entry Price: $112.07

                Entry Time: 9:34 AM

                Stop Price: $ 111.62

                Risk: $ 0.45

     

    $BUD Entry on 1 min. chart

    Trade Management and Psychology

                After weeks of waiting I finally saw my setup show up in $BUD, the trending bull flag breakout. After stalling for about 3 minutes, the price pushed higher and never looked back.

                These are the trades we should always be aiming for, trying to be in the money as soon as we enter. It won’t always happen, but every trade should be made with this intention. When it does, it becomes the easiest type of trade to manage.

    Exit Price & Time

                Exited the position at 3:30 PM as per my trading plan.

                Exit Price: $ 112.62

                Exit Time: 3:30 PM

    $BUD Exit on 5 min. chart

    $BUD Trade Executions


    Results and Evaluation

                You never know when your rules will work and when it won’t. This is why it’s important to remain consistent. Unfortunately due to technical difficulties, I was unable to be consistent and entered a smaller position. Otherwise, this trade would’ve yielded about a + 1.50 R gain. Sigh, oh well.

    Risk: $ 0.45

    Reward: $ +0.54

    R Multiple: + 1.20 R