CEI Trade on Jan 7, 2020 15:04 from MyTickers: Tradervue User Stock Trades.

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CEI

Technicals & Fundamentals:
Float 14M IO .2% Short Float 34% Short Ratio .6
News day before
Supports: 2.50/ 2.40, 2
Restistances: 2.75, 3.07, 4.05, 4.50
Targets: AH PM

Trade Details:
I entered this trade at 2.71 after recognizing shorts started to get squeezed and volume started to increase. This is a POS stock that had potential to run so I got in for a momentum continuation. I added another half to my position at 1.75 once i saw it starting to break hod again but it quickly pulled back and made me nervous. It held its highs and i was safe once it gave another leg up. I wanted the stock to continue its momentum quick because we were now into PH. The longer it took to continue its momentum i thought it would double top and it would sell off. Once strength came back I took quick gains and cut the trade at 2.85, 2.93 and 3. My plan was to hold into after hours or pre market depending if i had a reason to sell. I broke my plan and left a lot on the table, in AH it got to 4.30. I feel i exited this trade for no good reason which pissed me off. This was not a good trade, I doubted myself and impulsively got out with no reason.

My Mood Today and How I Dealt With It:
I was somewhat nervous, but excited and rested because i didn't have to go to work today and could watch the markets all day.
- I kept calm so I could listen to myself and focus on my trade
- I wanted some coffee but realized i ran out at 9:00am so i rushed to starbucks which caused me to feel a bit rushed now. I also wasn't home alone, i had some distractions around me.
- I told myself not to rush and focus on being patient today and not overly excited to trade.

Comments:
After reviewing this trade I should've waited for the pull back to get in and not just hit the offer. But once it gave another leg up I felt confident in the squeeze into AH. I really dont't know why I got out so quickly. I think my early entry created some doubt in me to now not hold the stock into AH. It was a quick nail and bail but not what i wanted at all. O

What I Did Well:
- Quickly identified the short squeeze forming
- Didn't hesitate to jump on the momentum and execute my plan
- I meditated and exercised in the morning

What I Didn't do Well:
- I gave into the urge to get out right away and make money, I didn't wait for the end of my plan to take much better gains.
- I let my emotion get in the way and I exited to soon leaving too much on the table.
- I didn't read over my notes to prepare
- I was't patient enough to watch the trade to play itself out.

How I Will Improve:
- I am going to write a note and stick it beside my monitor with the question, "why am i selling" to remind me to not let my emotion get in the way of me trading the ticker.

Biggest weakness(es)/fault(s) on this trade?:
- I exited this trade on impulse and not because I had a reason to sell. I bought on strength and didn't wait for the pullback to enter at a better price which would give me much better patience.

How I will improve upon these:
- I am only selling if I have a reason to sell and stick this reminder on my monitor.

How I'm Going to do More of What Worked:
- I am going to continue to scan the market for late day squeezes and continue to write my journals to analyse my trades and learn from my mistakes.

Biggest Lesson(s) Learned:
- Only sell if my plan has been executed or if I have a reason.

What Else I Saw/Almost Traded Real-Time:
- The market seemed slower today but when I saw this stock spiking to hod it caught my attention and i focused only on this one stock.

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


Execution detail:

Date/time Symbol Side Price Position
2020-01-07 15:04:46 CEI buy $2.710 long
2020-01-07 15:06:20 CEI buy $2.750 long
2020-01-07 15:06:20 CEI buy $2.750 long
2020-01-07 15:23:53 CEI sell $2.850 long
2020-01-07 15:27:16 CEI sell $2.930 long
2020-01-07 15:28:05 CEI sell $3.000 0


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