BA Trade on Oct 14, 2020 10:16 from tjmiller2001: Tradervue User Stock Trades.

3:1 RR on the first entry. Proud of myself for setting my stop loss and take profit both further from my entry than I'm used to. This is getting me more comfortable with day trades instead of scalping small price movements. I want to work on catching bigger moves. I know that involves more risk to the downside as well, but I'm focused on becoming comfortable with that.

Name was trading above VWAP for the 45 minutes since it opened and I figured that would be a decent support area. I set my order to fill there and the level didn't hold cleanly but it did slow down the move to the downside and a reversal right above my stop loss came soon. My entry was based on price, I'm looking to make entries more based on seeing a "turn in the tape" as SMB says.

Fantastic exit, getting out when my PT was hit for a are day trade win for me. Mentally I was okay with getting out even though I knew the name could keep running. This lack of FOMO will help me in the future if I can continue to work on that.

On the second trade, I had a 3:1 RR but my entry was weak. I was biased towards seeing a double bottom but in reality I was just catching a falling knife. I was quickly red and struggled to get out fast. A late exit well below my stop loss gave back most my gains on this name for today.

Names like BA and ROKU move too fast for me as a new trader to confidently trade. I need to develop my abilities to trade calmer names with less extreme intraday price movements.

Lesson Learned: What you trade is just as important as how you trade it. Trade stocks in play that you're comfortable with, not names that you know move faster than you can handle.