FSLY Trade on Jul 10, 2020 11:46 from CapitalMastery: Tradervue User Stock Trades.

Summary

Started a short due to quick push up towards $100 psychological level, but exited quickly as I was distracted by the PTON trade. Had I kept myself open for the good trade that was setting up here, I could have nailed a very large move that I was actually waiting for most of the week. FSLY was finally showing weakness on the open, which was a good indicator that the pullback day was going to be today.

Did Right

• Traded a stock that was overextended on the daily, and due for a pullback thus putting the odds in my favor
• Got a good entry by waiting for the stock to move into the $100 psychological magnet level

Did Wrong

• Exited prematurely so I could focus on another trade; at a minimum, I could have just set a hard stop, and let this trade work. Could have added to the winner, and turned this into a great trade.
  

Improvements

• Reserve my focus for trades whose price action are indicating a move, rather than let myself get distracted by a sub-par setup
• At a minimum, set hard stops, and leave a position on in case you are experiencing the big move.