BYND Trade on Jan 15, 2020 10:11 from Defy: Tradervue User Stock Trades.

Huge gap down on the daily. my thesis was to wait for reversal and ride back to around 114-115 area. Looking back on the chart it wasnt the time to take this positon.

I ended up taking the position right where the chart was testing the Highs from earlier in the day. tired to AVG down the position thinking it was going to hold the 113-112.50 area. ended up being wrong and sold the position.

Takeaways

when a chart has had such a large downward move, its best to consider the fact that most major moves should have bias for DOWNWARD action. I would have been better off trying to take the starter around 112 when the chart was clearly showing support buying.

always remeber to cut losses quick, should have had this one off at 113, but again risk management was much better then it has ben in the past. just need to keep creating tighter stop on plays that arent considered a+ setups