BZUN Trade on Mar 6, 2019 09:48 from ValeriuMoraru: Tradervue User Stock Trades.

Initial Comment:

I forced the trade and i didn't control my risk properly because the entry wasn't that good. I also covered like a wuss and miss the real move.

Proper Prep:

I already talk about my initial preparation in the first trade i took on this ticker. After the first trade i understood that i needed to short it at a better price, so i decide that 50c or 60c are was a good spot to get short and when i did it went straight up to my stop loss and made me almost punch it to get out. In fact i got shot at this price only because i so the tape slowing down and i didn't wan't to miss it again. So the FOMO is real again....

Hard Work:

I watched the tape closely and so that it was slowing down in the 45c area so i decide to get short immediately. The stock went from 38 to 38.45c with continues increment on the bid and ask. There were big orders get filled on the ask without any problem, when it came to 45c they hesitated so that was my reason to get short. A change in pattern.

Patience:

I was patient to wait and let it develop. When it came to my entry i waited for a change in pattern but because i was really fixed on getting short at this level i shorted the first hesitation after a series of buying pattern. After i got in and almost got a big RIP it finally started to get my way and because i was so full of fear and couldn't think logically anymore i covered way to soon and mist the real move. RIP

Detailed Plan:

My plan was to get short after i so the change in pattern and get out if it was just a fake. My stop loss was 60c. It moved immediately to 60c and i still didn't got out... I was starting to HOPE and trade without controlling my self and respecting my plans. My first exit was the hole number or better. My second target was 50c.

Discipline:

I didn't have the right mindset to say no, i'm wrong i cut it here. So i wasn't disciplined and i almost got really hurt... I also let my fear take control and covered to soon.

Contribution:

NON

Reviewing:

This trade wasn't a bad one if my entry wasn't that bad (saying this is like an old guy giving his tough on the side of the road on what the driver could had done better, of course after the crash crash. It doesn't matter any more what is done is done) . It was actually the right idea with a bad execution. I have to develop a a better if then scenario, cut my loss immediately and re-evaluate, understand better what the tape is telling me in order to get a better entry. I'm going to improve my tape reading skills by re-watching the video recording over and over until i don't miss it again.