VIAC Trade on Jun 17, 2020 11:21 from CapitalMastery: Tradervue User Stock Trades.

Summary

From a technical standpoint, I executed this trade decently well; except for maybe selling a bit too much too soon, but given that T1 was never even reached, can't blame myself for taking the sells given how weak the stock was trading. Although, this may be a bad habit that cost me more money in the long run. Ideally, I should have only sold due to a measured move, not just because the stock was weak. Overall it was an ok trade, but probably should have avoided given the outlook for Viacom.

Did Right

• Sought out this additional trading opportunity after trading the open, that fit the criteria for an Opening Trend Bounce play.
• Added to my position on confirmation that the bottom was in.
• Stayed within sizing guidelines of an initial 100 shares for a $15-$25 stock

Did Wrong

• Sold too much of my position too soon, without a really good Reason2Exit. The measured move at the 12:30 candle would have been a better/justifiable exit. The shove near 13:15 would have been best PNL wise, but the upward trend from LOD was broken just prior to that, which would have also been a Reason2Exit.
• Should have done more homework on this stock before jumping in, as it was super weak. Doesn't mean I couldn't make any money on it, but don't feel like the wind was at my back as it was with Oracle; maybe.

Improvements

• Do a better job was waiting for Reason2Sell, even if it's just a trend break or measured move, try to always have a justifiable reason for exiting positions, otherwise you leave a ton of money on the table.