NFLX Trade on Feb 14, 2020 09:44 from TheDumo27: Tradervue User Stock Trades.

Had NFLX on watch for either a bounce and push off of $282 or a rejection below it. With the market weakening towards open i was looking for puts. With /ES bounce at open NFLX had a good push to $284.50 where it rejected and pulled back pretty hard. I felt myself wanting to enter but not executing as i was just not seeing it clear enough. Again i Entered the trade looking for the half dollar to act as resistance and push passed it and VWAP. This was just a point that i picked and was not a proven spot for an entry. Even after Going through the emotions on the baba trade i made the same mistakes. It instantly went against me and i didnt cut. It then moved how i wanted it too and i thought i should exit but i didnt pull the trigger and just caught myself watching. The trade went against me and then made a strong push against me until i couldnt let it go further especially after the strong bounce it had. I felt myself thinking that it was likely to drop after i sell and that i was likely to be getting out at the top but there is no knowing where the top will be. It did pull back right after i sold but it could of also kept going and i would have taken an even bigger loss.

Entry: F forced entry not wanting to miss the move and being biased on the /ES dropping.

Exit: F--- Very bad exit. Again no stop loss in mind and just watched it move both directions with no real perspective on the trade. Was too tunnel visioned on it. Had the chance to lock an ok profit as well but hesitated and held out for more expecting it to follow the /ES and for ES to keep dropping.

Emotions: F--- No patience, No discipline. Im getting better at recognizing the bad emotions while in the trade but today i did not correct them in the moment.

Lessons: Again i need to have a stop loss in mind. Take a step back and look at the bigger picture of the trade and what levels are playing out. $381.50 touches and decent support was a key sign to get out as well. Need to remind myself that going into the day i can always control how much i lose and not how much i win so keep losses small. Nothing wrong with being wrong. Learn from it so you are wrong less often.