NKLA Trade on Jul 20, 2020 09:34 from ____: Tradervue User Stock Trades.

So today was a good day with some inconsistencies with each trade.

1st Trade:
Basic VWAP break bounce, the price actually did bounce about half a percent, but crashed only a minute into the position hitting my stop loss. I think the main issue with this trade was directional. We saw a strong 4 minute runup after open and I took a long position on a pullback. This could have been a good trade, but there was little volume to see a push higher. My stop loss was well placed and saved me from the majority of the very large crash

Trades 2 & 3:
next two trades were conceptually good trades, but I executed them poorly. Averaging only half a percent profit on each trade it still let me end the day positive. I had a strong support line at 38.00 with it being the premarket low of day. Both trades were a bounce off this support level. I panic sold the first one when we saw it jump around $0.40 in just a couple seconds. The second bounce should have indicated a double bottom, so I should have expected a larger move, but again sold way too early.

Lessons From Today
My 3 trade a day limit seems to be working for the better, and I think it helps me only trade the best setups and not revenge trade. I think I need to trust my trades a bit more and let them play out. Most importantly, I think I need to start creating target prices so I have an idea of where to exit, so it is no longer impulsive