F Trade on Feb 17, 2021 10:13 from tjmiller2001: Tradervue User Stock Trades.

F was barely in play with news regarding its European car fleet being all-electric by 2030. This was a catalyst but not a great one. I think I wanted to trade this name bc I have a bullish bias on it, not bc I really like the news and think Wall Street will love it. Trading in play names is more important than trading names you like.

F was consolidating higher above VWAP, I entered long with a 3:1 RR and a stop under VWAP. With SPY above VWAP, I felt I had market backing. I bought at the bottom of the range well, expecting a consolidation breakout. My exit was quick when VWAP broke.

SPY went red to support the downtrend in F, stopping me out. Small loss on a pretty weak setup. Would've been better if F didn't struggle on the first few minutes after the open. This should've indicated weakness to me. Not a trade I would take again. My stop was tight but this isn't a trade you build your career on. My attention should've been on a name in play, like QS.

Lesson Learned: Trade stocks in play, not just stocks you have a bias on