AMAT Trade on Aug 14, 2020 10:14 from sia1234: Tradervue User Stock Trades.

Averaging down on a trade that fails.

I thought AMAT would bounce and maybe go back to day highs, so I bought, then added as it kept going lower. It kept getting weaker and weaker however, which was a sign that maybe the trade was not going to work. Eventually there was some kind of bounce and this allowed me to set my stop loss on at the recent low. Stop loss unfortunately triggered on a wicked bar that made a lower low. Stupid stock bounced again right after that and actually made a higher high. This sucks, but it is what it is. Stock was weak the rest of the day, so stopping out was correct in the end.
Ideally, I would have added less and been able to 'survive' that last move lower, but since I added somewhat aggressively, I couldn't risk another move lower and had to stop out.