KODK Trade on Jul 31, 2020 11:11 from WuManChu: Tradervue User Stock Trades.

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WuManChu

 

Idea, Entry, and Risk:

*Idea: Trend Join
*Entry: Pop into continued fade
*Risk: 1:2

Catalyst and News:

Continued falloff from Wednesday's run-up fiasco on what's otherwise been a trashy stock.

Fundamentals:

Technicals:

Massive fade off from yesterday, gap down, continued trend of fails into falloff.
Under SSR but kept going.

Summation:

Entered at pop during downtrend, thinking it would continue to go down when that goes against the very thing I've been telling myself not to do: short the bottom.

Continual fails downwards and probably hoped it would keep going, but consolidated and squeezed back up.

Another one of those trades which I just look at afterwards and think "why did I do this?" Scratched off half when the trend went against entry, and then spent the short squeeze thinking "it's failing here time to get out" and then letting it run.

Takeaways:

-You wrote your commandments for a reason. Follow your rules
-How many times will you make the same mistake?
-Stop worrying so much about the entry that you shift gears to take something else.

These are not problems I have had on paper. These are issues which have been suppressed in simulation but not in fire. No more FOMO. No more ignoring stops. None.


Execution detail:

Date/time Symbol Side Price Position
2020-07-31 11:11:03 KODK sell $20.760 short
2020-07-31 11:11:03 KODK sell $20.760 short
2020-07-31 11:11:03 KODK sell $20.760 short
2020-07-31 11:19:42 KODK buy $20.920 short
2020-07-31 11:19:42 KODK buy $20.920 short
2020-07-31 11:47:46 KODK buy $21.960 0


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