CNP Trade on Feb 22, 2021 13:38 from tjmiller2001: Tradervue User Stock Trades.

This name broke support today but consolidated well and I felt good getting long with a tight stop.

Entered at 20.50, SL at 20.30, TP at 21.50, that's a 5:1 RR. Missed an opportunity to size up when price fell to 20.35, right above stop. I should have more conviction and increase my size if my SL level is holding. However, I was reluctant to hold more contracts overnight due to today's weakness.

++ On 2/23 I added another CNP long lot with a 5:1 RR. I felt good about the support yesterday holding and I entered with a tight stop. Chose a farther OTM contract which has more risk associated with it, and I'm officially sized up in this position.

++ On 2/25 I slept in and missed the strong open up near my PT then the quick change in character where CNP fell sharply. They released earnings in the premarket. Not my wisest hour holding through earnings. I'm a trader and it's dangerous to let a gambler's mentality interfere with my traders mentality. Need to be careful with this. Sleeping in cost me $ but I got out when my thesis was wrong instead of holding as it went lower the rest of the day.

Lesson Learned: Don't hold during earnings, that's like gambling. Your account will not benefit from gambling, it'll benefit from smart decision making and controlled emotions.