BBBY Trade on Apr 14, 2021 14:42 from miesinberlin: Tradervue User Stock Trades.

TECHNICAL
Ticker: BBBY
Exchange: XNAS
Previous Close: $27.93
Open: $24.07
Close: $24.52
Postmarket: $24.53
Premarket: $24.53
52wk High: $53.90
52wk Low: $4.32
Industry: Specialty Retailers
Sector: Retail Trade
Market Cap: $3,385,527,000
Volume: 23,360,804
AvgV: 3,468,995
RVOL/Vol%:____6.73____673.42%
Gap%: -14.00%
ATR: $1.66
Short Float/Short Interest: 21.89%
Float: 114.15M
VWAP: $24.53
BETA: 1.92
20-SMA: -16.90%
50-SMA: -14.10%
200-SMA: -21.80%
Insider Own: 5.83%
Institutional Own: 126.59%

CATALYST: BBBY 4th quarter revenue lags projections, beats on earnings. Digital sales were impressive. Earnings surpassed expectations at $0.40 vs $0.31 analyst had projected. BBBY looking to close 200 stores by 2022.

MARKET OVERVIEW - INDICES / ETF
DJI____33,730.89____0.16%____53.62
COMP____13,857.84____-0.99%____138.26
INX____4,124.66____-0.41%____16.93\

SPY____411.58____-0.31%____1.28
QQQ____336.51____-1.20%____4.09
VIX____16.99____2.04%____0.34

TRADE: Time of Day: Closing
My thesis initially was that BBBY would retrace to HOD, but after trading it earlier, I changed my bias to short. I began by reading the tape to find weakness to short and strength to add to my position. There was a 15 minute period of consolidation and I noticed held offers. I had my position covered at my original entry point at this time since the price had moved down in my favor by 10 cents. I covered my initial position of $25.11 at $24.60s, recycled 75 shares 2x until it went below VWAP. At this point I was still holding 100 shares, I should have gone flat and monitored the trade. I added to my position on an upward momentum trying to catch the peak (dumb) I did eventually find the peak and covered (dumber)
I shorted a new position and realized that it was turning against me so I went flat, losing half of my work.

ERROR #1: You should have gone flat below VWAP and monitored the trade for another setup instead of chasing.
ERROR #2: 5-Minute chart showed strength after bounce from VWAP, signaling the end of the movement.
ERROR #3: Shorting into an upward trend trying to find the peak. This is not trading, you need to remember to short once you have confirmation on the tape of weakness, large seller.
ERROR #4: You should have stayed and monitored until the close.
SOLUTIONS: WORK ON BEING MORE PATIENT. EXCELLENT WORK ON HOLDING THE SHORT FROM $25.11 TO $24.63. ALSO, WORK ON MONITORING AFTER GOING FLAT, LET THE TRADES COME TO YOU. FINALLY, TURN OFF P&L, YOU DON'T NEED IT, FOCUS ON MANAGING THE TRADE. GOOD JOB TODAY.