PSTI Trade on Apr 7, 2020 14:44 from MyTickers: Tradervue User Stock Trades.

PSTI

Technicals & Fundamentals:
Mrk Cap 60M Float 16M Vol 20M IO 7% Short Float .8% Short Ratio .4
News x2
Supports:4.53,4.32, 4.05
Resistances: 5.53,4.71
Targets: 4

Trade Details:
I entered this trade once I saw the price rejected the push to re test the hod approaching PH. Once it rejected the follow through and cracked below VWAP I decided to risk the reclaim above and hold for an eod fade. I screwed this up though when it retested VWAP at my entry I should've added but instead I took off some risk thinking it could potentially squeeze, then I put two more tiers back on shortly after..ugh! The volume wasn't there for it to squeeze and I should've recognized it. My target was 4 but it took longer then I thought so I got out as it sold off. This stock also had some bad SEC filing, I was thinking i could even continue to 3.50 but it had covid news so it made it much harder I think. I

My Mood Today and How I Dealt With It:
I was calm,I was feeling focused and ready to make a trade.
- I kept calm so I could listen to myself and focus on my trade, I had no distractions at home and could just focus on making a good trade.
- I ate some lunch and started scanning the market to see what was in play
- I really wanted to focus on not being overly excited to trade and follow the 3 rules I set for myself this week. Trade after 2:30..bc of my day job, 1 stock at a time and 3 tries and move on, I also gave myself a max loss for the day.

What I Did Well:
- I identified a play that had potential for a eod fade.
- Quickly identified its PR and read the sec filings
- Didn't give into the urge to get out right away, I waited for my target and stuck to my plan
- I had patience on this trade.

What I Didn't do Well:
- I should've added when the stock came back to retest my entry and didn't break
- I didn't meditate in the morning to make myself feel balanced and better focused.
- I didn't exercise in the morning
- I broke my rule of only trading one stock at a time

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 exercise
- I am going to make sure I follow my 3 rules this week and focus on just making a good trade everyday
- I am going to pay attention to my emotions so i don't start over trading.
- I am going to watch this tomorrow.

Biggest weakness(es)/fault(s) on this trade?:
- I took off risk for no reason! and didn't add.

How I will improve upon these:
- I am going to focus on where I can add to my risk if its responsible to do so

How I'm Going to do More of What Worked:
- I am going to continue to not break my rules and just focus on making a good trade without getting emotional about it.

Biggest Lesson(s) Learned:
- Stick to my plan and add more tiers if i could.

What Else I Saw/Almost Traded Real-Time:
- I was also watching YGYI for a low float squeeze which I also ended up trading. I bought at 2 and i got stopped out. then it reclaimed about an hour later and I bought again for another try but sold wayyy too early and missed the eod push..this pissed me off.

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.