BBBY Trade on Jul 9, 2020 10:16 from slowelim: Tradervue User Stock Trades.

MTFA(entry, one lower than entry, two(or three) higher than entry):
5m, 2m, 15m, hourly, Daily
Market Cycle stage:
Stage 4 Downtrend (Supply/Fear)
Macro & Micro Synchronization:
Yes we did

Macro trend:
Stage 4 downtrend
Micro Trend:
Stage 4 downtrend
Essential Pattern/Super play:
5 minute breakdown pattern
Pattern Boosters(BT/TT, WRB/NRB, +/- VOLUME, EMA’s, Level (1/2) SUPPORT/RESISTANCE,
COC, RS/RW, MT, 50/100):
Micro level 1 resistance, relative weakness to the market, market timing, 100% retracement towards the downside. 4/9 pattern boosted. 144% boosted. This trade has a mediocre probability of success. A trading opportunity with high pattern boosting is often a trading opportunity with HIGH probabilities of success.
Gap direction & Rating:
Level 2 Gap down
Pro/Novice:
Pro Igniting Gap (Gapping against the uptrend will generally change the long term direction of the uptrend.)
Gap Entry:
5m Gap down
Trade management approach:
2R AON Trade management approach.
Strengths from today's trading:
We realized that we were FOMO trading and trading past the market open (a big no no and a big mistake, according to our risk temperament).
Weaknesses from today's trading:
Trading past 15-20 minutes after the market open (beyond our intra-day trading timeframe and risk temperament).
How can you improve?
We can improve in the future by ONLY trading around the market opening period. What this means is that if we can't find a good entry within 15-20 minutes after the market open, we will abstain from trading for the day. The reason for this is because volume levels tend to decrease substantially after the market open, and the advantage of only trading during the market open is that the presence of institutional capital is either blatantly obvious or essentially inexistent.