PSV Trade on Aug 31, 2020 13:09 from CapitalMastery: Tradervue User Stock Trades.

Summary

While this ended up being a good trade, had I been more patient on waiting for a proper entry signal, instead of forcing the anticipation entry, it could have been a much bigger/better trade. That said, I'm proud of how I handled this trade when it behaved in a way I didn't expect/want to see. Once it put in a new high, which should not have happened per my thesis, I sized down... But once the trade re-confirmed, I got back to full size, and added to my original position. From there, set my cover orders per the 20min20ma, and let them hit for an overall good trade.

Why Was I in This Trade?

Small cap runner that provided a 5min cup + 30minbab entry signal, and still had meat back to 20min20ma

Did Right

Sized down when trade didn't behave as expected, but sized back up once re-confirmed; covered at 20min20ma target.

Did Wrong

Jumped the gun via an anticipation entry, as opposed to waiting for a full signal.

Improvements

Start with small/starter size on anticipation entries, and scale up on confirmation, don't load up on first entry for these anticipation trades.

Next Trade

PSV still hasn't broke down, could probably see 120min20ma tomorrow. (it totally collapsed the next day)