BJ Trade on Aug 20, 2020 13:06 from mrideout: Tradervue User Stock Trades.

After getting short squeezed, this trade was a prime example of revenge trading, and trading in an emotional state.

I flipped my position long for as many shares as I could take. There was noticeable resistance at 44.50 and the price kept selling off below it. Eventually it popped above and went to 44.75 and then reversed to VWAP. My exit should have been at 44.75 as it was extended from the 9 EMA, RSI was getting hot (72), and there was already a lot of selling pressure in this area.

Fortunately price bounced off VWAP and went back to 44.50. Took profit just above.

This trade was a prime example of trading in an emotional state and overholding a trade. I got lucky on it.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-20 13:06:56	BJ	buy	$44.150	long
2020-08-20 15:35:06	BJ	sell	$44.406	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BJ&trade=18753349&end=20200820160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BJ&trade=18753349&end=20200820153506&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BJ&trade=18753349&end=20200919&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

BJ Trade on Aug 20, 2020 13:06 from mrideout: Tradervue User Stock Trades.

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