JWN Trade on Mar 12, 2021 01:58 from thebadtrader: Tradervue User Stock Trades.

Market Condition (Uptrend, Downtrend, Under Pressure, Rangebound):
- QQQ Rangebound. Broke out of 10ma, 20ma & 50ma yesterday but didn't hold.
- DJI Uptrend. 5th day into brekout.
- SPX Uptrend. 4th day into brekout.
- RUT Uptrend. 4th day into brekout.
- FSK (3 days ago) Breakout Failed
- Uber, SBLK Breakout sustained

JWN showed up during the market. Was not on my watchlist pre-market.

Group strength:
- Wasn't much on my watchlist to compare against other than KSS (Kohls Corp)
- Looked at Kohl's financials at the time and wasn't blown away.
- JWN wasn't great either but it's a familiar brand
- Most importantly, the setup looked like a 4/5 star setup to me

Potential Improvements:
- Chased the price
- The stock still satisfied all my rules(R<ADR, 1% risk, 5% max lost, 20% max port position) but could have improved R/W by not chasing
- Not sure if this is the right way to think about it. We are talking pennies. I could be stressing disproportionately to the results it produces. Mental stress and the ability to think/act clearly when I need to execute are more important than pennies.
- Also, I was slow on the AAL trade and concluded that it was a benefit.
* Make a note to review if chasing effects results in 1 month.
- For now, continue to buy as long as the stock satisfies all my rules. No changes required.

Started using half size. Half account size going forward as this is what I'm most comfortable with for now.

EDIT: 16/02/2021
- 3rd day Took off 1/3 on weakness
- Stops moved to 10ma or breakeven, the higher of the two

EDIT: 17/02/2021
- Sold position due to market weakness on open