TWTR Trade on Sep 24, 2020 10:02 from tjmiller2001: Tradervue User Stock Trades.

VWAP Fade play.

Entered two puts at VWAP, great entry, was quickly green. I usually don't enter two contracts but I wanted to here because I wanted to take profits on a quick move down then hold the last contract for a larger move down later.

1st exit was too early, no reason to sell, just wanted to lock in profits since I was up. I shouldn't have done this. I need to keep my RR large if I want to be successful. Selling early without a meaningful reason is a way to eliminate big winners.

Second exit was also due to emotional weakness. I sold when I was an uptrend that I was worried would turn my position red. Instead I got out and TWTR immediately dropped big, just like my thesis predicted. You can have the right thesis, be profitable, and still make a weak trade.

Lesson Learned: Don't exit until your levels are hit. Stick to your plan to avoid early exits, a common issue for me.