Shared by
tjmiller2001
DIS was in play gapping up on positive COVID vaccine news.
As per usual, strong entry on a pullback to support. Entered when VWAP held (different VWAP on TOS than here).
3:1 RR was great but I sold as soon as price target was hit instead of waiting for a "Reason2Sell"™. this was an opportunity for a 4:1 or 5:1 trade but I was eager to get out with profits quickly because of earlier losses. In the future, past trades shouldn't impact planning for future trades. It's okay to learn from your mistakes, but don't be too greedy or too careful based on previous wins or losses.
Lesson Learned: Don't let previous trades impact your planning for the trades your taking. Let winners run and cut losses short no matter what.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-16 09:57:47 | DIS | buy | $142.600 | long |
| 2020-11-16 10:01:29 | DIS | sell | $143.050 | 0 |
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