CPAH Trade on Jan 10, 2020 14:40 from MyTickers: Tradervue User Stock Trades.

CPAH

Technicals & Fundamentals:
Mrk Cap 5M Float 2.8M IO 1.4% Short Float 2.8% Short Ratio 3 Volume 42M Avg Vol 89k
News Previous day AH
Supports: 3.06, 2.93, 2.53
Restistances: 3.36, 2.56, 3.60
Targets: 3.40, 3.60, EOD

Trade Details:
This stock had a lot of volume today and i was looking for a late day squeeze after 2:30. I entered the trade when I saw a potential bear trap candle closing after a curl. I thought this stock had unusual volume and it could squeeze late day. I bought a 1/4 position when I saw bidders coming in and holding it around 3.15 thinking it was going to trap bears and squeeze. i then added another 1/4 when i though it would spike but it didn't so i took off a 1/4 seconds later and watched the L2. My risk was the low 3s area and I wanted to add as close to it for better r/r. It took longer then i thought but i stuck to my plan and added to my position until i got the squeeze. I sold into strength with 1/4 sizes into 3,42, 3.85, 3.91 and 4.12. I stuck to my plan and it worked, one good trade.

My Mood Today and How I Dealt With It:
I was somewhat feeling rushed, I got home from work at 12:30 and started looking for what was in play. I was not home alone and had distractions around me which made it harder to focus
- I kept calm and tried to block out my distractions so i could listen to myself and focus on my trade.
- I really wanted to focus on sticking exactly to my plan and have patience and not overly excited to trade.

Comments:
This stock could've dumped just as easily but i was focused stalking it and ready to get out if i had too. It was up +200% already but i thought bears where trapped on friday afternoon and it could squeeze before the close. I am happy with my entries and that I stuck to what I wanted to accomplish today. I was worried the volume was decreasing and it would dump on me but i had with my finger on the trigger if i had to get out quick. I took profits into strength and took what the market gave me by the close.

What I Did Well:
- Read the tape accurately
- Quickly identified a potential short squeeze.
- Recognized this stock could hit my stop and I was ready to get out.
- Didn't give into the urge to get out right away and make money, I added to my position and waited for the move into eod.
- Took profits; didn't hold and hope over the weekend. It'll probably tank.
- I was conscious of my emotion and focused on making one good trade.
- I took off size to get a better entry closer to 3.

What I Didn't do Well:
- 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 entered too soon again.

How I Will Improve:
- I am going to make a timer to make sure I meditate early in the morning tomorrow
- 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
- I am going to watch more L2 recordings to try to get better at the skill this weekend.

Biggest weakness(es)/fault(s) on this trade?:
- I entered too early and didn't wait for more confirmation.

How I will improve upon these:
- I am going to write another note and stick it beside my monitor asking "is it to soon to enter?" I used one of my last trades note that I also stuck on my monitor today and it worked. It helped me not sell all my position at once so maybe this note will help me on the next trade.

How I'm Going to do More of What Worked:
- I will continue to scan the markets late day for stocks in play and wait until after 2:30 to trade.
- add to my position once my risk levels are holding.

Biggest Lesson(s) Learned:
- I have to continue to closely watch the L2 to see what it's trying to tell me. It was good to see that the stock squeezed eod and gave me a good trade.

What Else I Saw/Almost Traded Real-Time:
- I was also watching TRIL, SEED, PHAS and ACRS which I also traded for breakeven today, I had 2 trades today. Once I started watching CPAH at 2pm though I gave it my full attention and just stocked the stock.

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