SVRA Trade on Dec 31, 2019 14:02 from MyTickers: Tradervue User Stock Trades.

SVRA

Technicals & Fundamentals:
Mrk Cap 202M Float 32M IO 42% Short Float 2% Short Ratio .6
News x 4 prior day
Supports: 4.94, 4.80, 4.58
Restistances: 5, 5.27, 5.50, 5.80
Targets: 5.40, 5.50

Trade Details:
This is a trade i am very disappointed with my exits. This stock got my attention when it spiked from 4.63 to 5.25. Lots of buyers started coming in and breaking above the 5 resistance level. I quickly made a plan to buy on the pull back to 5 and risk .12 cents for a potential squeeze into PH. When the stock dipped back to 5 I saw bidders coming in and i entered at the price i wanted. This stock had squeezed yesterday late day and I was thinking it could potentially squeeze a second day. The 5 level held and consolidated. My plan was to hold my position if the 5 support level held with a target in the 5.40s. After an hour of consolidation the volume was decreasing and again started to slowly sell below 5 and i decided to cut the trade at 4.94, this was above my risk and not part of my plan. The bid then started stacking at 4.94 and the volume increased right after I exited the trade. The volume continued to increase and buyers started running up the offers. The stock spiked to 5.20 then 5.47. I then got fomo thinking this stock would start squeezing again like yesterday and I chased, buying a 1/4 size at 5.30. I felt like I just had to be in the stock so i put on a small size. I wanted the momentum to continue to the upside right away and again started selling shortly after I entered again. I recognized I was chasing this stock now and decided to cut my losses. I'm glad i did because it tanked to 4.40 shortly after. I also knew the company had ATMs they could execute and was scared to overstay my trade.

My Mood Today and How I Dealt With It:
I was calm and focused today, I wanted to just have a good trade.

- I kept calm so I could listen to myself and focus on my trade
- I ate some lunch and was feeling good but I had some distractions around me at home.
- I really wanted to focus on being patient today and not overly excited to trade

Comments:
I had a entry that I planed for but wanted the trade to quickly start working for me. When the stock started holding 5 I still felt comfortable holding my trade. It took longer then i expected so i broke my plan and exited the trade prior to the stock hitting my risk level. If I had stuck to my plan and been more patient the trade would've executed my plan. I have to work on recognizing the real reason to sell and not just because I feel its taking too long. It tested in the 4.90s range but the bids held during this hour. I f*^ked up this trade. Once I missed the move I should've just left it. There was also opportunity on the short side that I have to consider when making a plan too.

What I Did Well:
- Read the tape accurately, saw bidders stacking and volume increasing. Recognized the 5 level holding its price
- Quickly identified an opportunity for a trade
- Didn't hesitate to jump on the momentum and execute my plan
- Recognized this stock squeezed late day yesterday and it potentially do it again.
- I cut my losses quickly on the second trade after L2 had lots of sellers
- I was focused on making a good trade.

What I Didn't do Well:
- I felt the urge to cut the trade because it was taking to long and not because i had a reason too sell. I did not follow my plan
- I didn't meditate in the morning to make myself feel balanced and better focused.
- I didn't read over my notes to prepare
- I chased the stock after I exited and it ran without me. I felt fomo.

How I Will Improve:
- I will not chase a stock after I exit my position.
- I am going to make a timer to make sure I meditate early in the morning
- I'm going to create a list of my biggest trading mistakes and direct all my focus on fixing whichever one is most detrimental currently instead of trying to fix everything at once
- Once I make a plan I will stick to it and not get out for no real reason.

Biggest weakness(es)/fault(s) on this trade?:
- I chased and fell to fomo.

How I will improve upon these:
- I am going to write down on a piece of paper rules to not chase or have fomo and stick it beside my monitor . This will remind me when I'm in a trade to be conscious of my emotions and just trade the ticker.
- When I make a plan to trade I have to include both long ans short possibilities of the trade because I could be wrong.
- I cannot trade before 2:30. I give back too much when I trade before this time.

How I'm Going to do More of What Worked:
- I'm going to continue to watch for these late day squeezes
- I will continue to cut my losses quickly if the trade is not working.

Biggest Lesson(s) Learned:
- I have to always follow my plan of what makes sense to me. I have to be conscious of my emotion and not let it effect the trade.
- It was good to see that the stock did execute my plan even though I cut the trade before the move. Once I entered again to try a second time it didn't work and I'm glad i got out before it dropped to 4.40.

What Else I Saw/Almost Traded Real-Time:
- I was watching this stock once I was in the trade but I was also watching VIVE for a late day run eod. it was breaking above intraday consolidation above VWAP but no volume so I was just watching. When the volume picked up I went to that trade.

I am a casino. I have a slight edge, therefore I will place little importance on the outcome of the next trade(s). The market is composed of a high degree of randomness and uncertainty. I am not in a battle with the market, the market is not against me - I am merely in a battle against myself whilst trying to navigate the markets