ABT Trade on Jul 17, 2020 09:33 from CapitalMastery: Tradervue User Stock Trades.

Summary

The idea here was a 2nd day continuation play given the earnings beat + guidance raise + sell off & rally on day 1, which ended at the highs. Stock ended up doing exactly what I thought it would do, but after scalping the opening push, I stopped paying attention, and got distracted with my loss on NFLX and trying to make it back. As a result, I missed out on a great opportunity to trend this thing into the close, yet again. ABT gave a great re-entry signal at 10:12, or again at 10:23, for a clean ride to the $100 psychological target.

Did Right

• Acknowledged the 2nd day continuation opportunity based on the earnings context + day 1 finishing at the highs.
• Waited for an entry signal on the open, which I got.
• Took profits near top of opening drive, which would have allowed me to get back in on the pullback to the 20ma. Probably should have kept a core though, to keep me in the trade.

Did Wrong

• Taking ABT off radar, and not following through on the trade opportunity after scalping the opening drive. Probably another reason to only trade 1-2 stocks at a time for now, until I get better as a trader. Based on this week's experience, I'd be better off focusing on quality over quantity, and spreading myself too thin.
• Not getting back into my position on the pullback

Improvements

• Consider keeping a core to help you stay in good trade opportunities; especially those that are working out. Starting to feel like my focus is all backwards. The losing NFLX trade got all my attention, rather than the winning ABT trade. I could have simply sized up in this trade, and managed it for a nice win.
• Had I gotten back in the trade, there's a good chance I may have gotten stopped out. Just a reminder to watch out for these dips and rips

Next Trade

Probably not a ton of juice left in this thing, but watch out for a technical breakout above $100; which is all time highs.