Description

- What was the result of the trade?

Stop out according to plan. It started to work in my favor but reversed hard off of the vwap and stopped me out. Had a chance to get out b/e but wanted to give the trade plan a chance to work.

Feelings

- What were your feelings during the trade?

Anxious because it was very whippy and did nit go in my favor very long. I did a good job of sticking to the plan whether it was red or green.

Evaluation

- What was good or bad about the trade?

Good job of execution and sticking to the plan but we just couldn't get any follow through. I should have noticed the volume profile on the pullback(Increasing volume on the pullback and decreasing volume on the rejection) was not ideal and been more cautious to add to the position.

Analysis

- Does the trade make sense to you now that it is over?

Yes the trade makes sense because it was a decent setup at the time of the first entry but I should have noticed the volume profile coming into the add.

Conclusion

- What is your final judgement of the trade?

Overall it was a decent trade. It was a decent setup although no catalyst, and I followed the plan. I probably would not take the trade again during earnings season without a catalyst, but the setup was decent during the 1st entry. Probably should have stayed away from the add after I noticed the volume profile and the overall higher low on the 3m chart.

Action plan

- How are you going to avoid the same mistakes?

I will be more patient with stock selection especially during earnings season because this stock did not have a catalyst.

- How are you going to make sure you get the same results the next time if it was a good trade?

I will continue to follow the trade plan and let it work whether green or red

Notes: