BA Trade on Jun 30, 2020 09:36 from CapitalMastery: Tradervue User Stock Trades.

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CapitalMastery

 
Summary

Aside from the WKHS scalp that I had no business taking, BA is my worst trade of the day. I did not handle this trade very well. Had things not worked out, this one trade would have wrecked my day, and likely consumed my gains from yesterday too. While I did make money on it, I know in my heart that it was not a good trade, and it's the kind of trades that ultimately bite me in the butt, and wipe out gains from 10 good trades.

Did Right
  • Took some risk off at break even when I had the chance, just in the case the trade didn't work out because I recognized the bad position I was in.
  • Additionally, I did a good job of adding to this position once I saw the temporary bottom was in.
  • Did a good job of keeping my lot size in check, which put me in a strong position to add to this trade once the real bottom was in. Had I sized in too much on the front side, I would have been too afraid to make the position bigger.
Did Wrong
  • Didn't stop out over my very first entry when it blew past LOD
  • Did't stop out on my 2nd entry when it blew past the 2nd LOD. Admittingly, I was sort of trying out Alex's technique of scaling in slowly, and willing to add into the deep flushes as it extended away from the 20MA, but I hadn't made that decision ahead of time, and so I shouldn't have been just experimenting on the fly.
  • Rather than staying in my initial position, I could have easily stopped out, and re-entered at much better prices, rather than carrying those losses down.
Improvements
  • Wait for the actual downtrend/selloff trend to break before getting in. If I do attempt to add on a flush, I still need to use stops so I can 1) avoid a huge loss, but 2) so I can re-enter at better prices below. I don't know how low the stock is going to go, and so I shouldn't assume it's not going to go that much further, because it certainly can. Just get out if LOD/stop breaks, and simply get back in if it was just a shakeout.
  • Be more patient on my exits, give the stock a change to hit my price targets. I understand I wanted to hurry up and get out of this trade because I knew I wasn't in a favorable position, but there's no point in going through all that pain for a simple scalp. If the stock finally shows it is bullish, and that your thesis was right, make sure you get paid out well on it.

Execution detail:

Date/time Symbol Side Price Position
2020-06-30 09:36:08 BA buy $187.608 long
2020-06-30 09:43:02 BA buy $183.780 long
2020-06-30 09:45:04 BA buy $184.715 long
2020-06-30 09:51:50 BA buy $181.220 long
2020-06-30 09:53:43 BA buy $181.602 long
2020-06-30 10:00:02 BA buy $182.890 long
2020-06-30 10:00:04 BA buy $183.075 long
2020-06-30 10:00:21 BA buy $183.341 long
2020-06-30 10:06:04 BA buy $182.248 long
2020-06-30 10:17:07 BA buy $180.956 long
2020-06-30 10:17:08 BA buy $181.050 long
2020-06-30 10:17:08 BA buy $181.020 long
2020-06-30 10:17:09 BA buy $180.947 long
2020-06-30 10:37:00 BA sell $182.780 long
2020-06-30 10:37:00 BA sell $182.780 long
2020-06-30 10:37:00 BA sell $182.780 long
2020-06-30 10:41:49 BA sell $182.990 long
2020-06-30 10:44:50 BA sell $182.890 long
2020-06-30 10:45:21 BA sell $182.990 long
2020-06-30 10:45:21 BA sell $182.990 long
2020-06-30 10:45:46 BA sell $183.240 long
2020-06-30 10:45:58 BA sell $183.490 long
2020-06-30 10:46:05 BA sell $183.740 0
2020-06-30 11:32:07 BA buy $182.890 long
2020-06-30 11:32:07 BA buy $182.890 long
2020-06-30 11:32:17 BA buy $182.890 long
2020-06-30 11:34:37 BA sell $181.960 0
2020-06-30 11:37:14 BA buy $182.471 long
2020-06-30 11:37:15 BA buy $182.478 long
2020-06-30 11:37:18 BA buy $182.538 long
2020-06-30 12:04:06 BA sell $183.490 long
2020-06-30 12:04:06 BA sell $183.490 long
2020-06-30 12:05:05 BA sell $183.740 long
2020-06-30 12:05:05 BA sell $183.740 0


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