IBM Trade on Jul 22, 2020 09:34 from CapitalMastery: Tradervue User Stock Trades.

Summary

Anticipated this move after yesterday's somewhat surprising selloff, despite good earnings. However, I totally minimized the opportunity. I had it on main watch, and even entered once I realized the entry signal had triggered, but I only went small size, and sold after only $0.50 of upside; wow.

Did Right

• Stuck with a potential opportunity into 2nd day, when day 1 didn't turn out as expected.
• Had a premeditated bias going into the trade
• Waited for an entry signal, and entered a position once I saw it

Did Wrong

• Minimized the shit out of this killer opportunity. Wasn't REALLY prepared for this opportunity; I should have been better prepared to actually tackle this opportunity once price action confirmed.
• Wasn't sized in to max size on this A+ entry
• Didn't actually recognize the up/down/up motion on the 20ma as A+ in the moment
• Sold position way too soon, and for no reason; literally hadn't hit any resistance yet.
• Sold my position all at once, as opposed to selling a partial and holding onto a core.

Improvements

• Be more prepared to capture the opportunity you're expecting. When you finally get that A+ opportunity, be ready to seize it.
• Have at least some Reason2Sell; either it's reaching an important level/indicator, or starts to stall out and hit resistance.
• Be sure to actually re-add, if you exit full position into a spike, with intention to recycle.

Next Trade

IBM got upgraded today to $155, would expect more continuation to the upside for the next day or two.

Playbook Trade