AMD Trade on Feb 12, 2020 09:31 from TheDumo27: Tradervue User Stock Trades.

I was watching AMD for continuation from yesterday as it had broke above the ATH and was holding well above 54.50. It had a push up to touch $55 with a quick rejection and push back down towards $54.50. This should have been a sign for me to be patient with the trade and wait for a clear entry. I traded AMD at the open yesterday with the momentum so i did the same today blindly. The first minute it jumped 30 cents and then rejected hard back to $54.50 where i entered looking for it to support. It may have hesitated there for seconds but did not hold up at all. Although i saw the weakness on the tape i didnt really think logically about the trade. It dipped down 20cents and then retested $54.50 where it did not hold again. I should have cut on the first dip when the trade instantly went against me but since i did not get out there the half dollar rejection would have been another great sign to exit. The next candle dropped 40 cents and i exited at $54.15 range. In my head i was thinking what if $54 holds and it bounces but this is the thought that i always have when i look to close a loss. There is always another level below that may hold but we must stick to our stops and minimize losses. This has been my biggest weakness and although it was a bigger loss then it should have been it was a step in the right direction for myself.

Entry: F No patience and ignored the direction of price action. Too focused on what i wanted the trade to do and not what it was showing me.

Exit: C Not really a C worthy exit considering the points i should have got out but this was a decent exit considering my loss cutting history (or lack of).

Emotions: C Had no patience at open, wanted the profit and not looking for ONE GOOD TRADE, but was aware of my emotions on exit and prevented myself from holding and moving stops per usual.

Old me( Last week) would have held through $54 then found revived hope in the next bounce back up to $54.40 to ride it back down to $54 again and then possibly maybe get out.