Shared by
CapitalMastery
Summary
Fumbled this trade. I was watching it, and waiting for my setup, got an entry, but then sold out early because 1) my positions weren't showing my cost basis, so I was king of flying blind, but 2) I chickened out because I kept thinking that Roku went up too much the day before, and so I got out for break even.
Did Right
- Waited for a playbook setup
Did Wrong
- Didn't wait for a Reason2Exit, especially since T1 was so close to in reach. Also, ROKU hadn't even hit the 1min 20MA yet.
Improvements
Start using the 20MA + whole/half dollar marks to help with exits; basically those are valid Reasons2Exit, at least some of my position if the stock is struggling.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-02 09:44:47 | ROKU | buy | $126.500 | long |
| 2020-07-02 09:44:47 | ROKU | buy | $126.500 | long |
| 2020-07-02 09:44:48 | ROKU | buy | $126.500 | long |
| 2020-07-02 09:45:31 | ROKU | sell | $126.500 | long |
| 2020-07-02 09:45:31 | ROKU | sell | $126.500 | long |
| 2020-07-02 09:45:32 | ROKU | sell | $126.500 | long |
| 2020-07-02 09:45:32 | ROKU | sell | $126.500 | 0 |
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