NEPT Trade on Jul 19, 2019 09:51 from beno: Tradervue User Stock Trades.

I didn’t follow my plan and missed the leg up after the initial down move. I LITERALLY WROTE IN MY GAMEPLAN TO LONG THE STOCK WHEN THE BIDS DROP TO THE 5.65 AREA!

After lunch NEPT broke above yesterdays high (6 level) and I got long on the pullback: I didn’t wait long enough however because it pulled back further than I expected to the 5.95 area and I had gotten in at 6.08 (I EVEN TOLD MYSELF TO BE PATIENT BUT I STILL FOMO’ED into 6.08) - I was actually using self-talk but I cracked under pressure I put onto myself. The pullback was also very steep which means the stock wasn't all that strong above that level. (strong stocks have shallow pullbacks)

In the end, I wasn’t in sync with this stock but perhaps it would have ended differently had I actually followed my plan!

The lessons I learned from trading this today are:
1. Respect and trade your plan
2. Trade against technical levels with tight stops
3. If the trade doesn’t work quickly and the tape is weak, get out!