WORK Trade on Jun 19, 2020 09:32 from CapitalMastery: Tradervue User Stock Trades.

Summary

This was a really great trade. WORK got a downgrade which caused the stock to sell off, but Slack is a strong company with a great product, and so I knew there was a high chance buyers would step in and buy it at a "discount", and they certainly did.

Did Right

• Identified a good candidate to focus on for the Opening Trend Bounce play
• Waited until the trend broke to enter a position
• Added to my position once the bounce confirmed, and the trade started working

Did Wrong

• Sold way too early; totally minimized this trade :-/ I easily left $200-$300 more on the table

Improvements

• I absolutely need to be patient with my exits; especially on the stronger candidates. Also, I'm starting to notice that if a stock bounces early in the day, they are more often going to be bullish for the day, which makes sense. Rather than buyers waiting for a stock to get cheap enough before coming in, on strong stocks, they're coming in quickly and buying up the strock, which is a very bullish signal when you think about it. I should really try to focus in on stocks that are bouncing in the green and yellow zones; candles 2-3 seem to be a sweet spot.