Description

- What was the result of the trade?

Stop out trade never worked. It started to work but then it went against me and I stopped out according to plan when it broke over HOD.

Feelings

- What were your feelings during the trade?

Feeling stupid for even taking this reversal trade. Knew better but I forced the trade. At that point I decided to stick it out and let the trade plan work. I decided to own my decision to take the trade and see it through according to plan.

Evaluation

- What was good or bad about the trade?

Good job executing the trade plan, Bad bad decision to take the trade in the first place knowing this is not one of my strategies. Very bad decision shorting a strong stock the was consolidating for a move higher.

Analysis

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

The trade itself does not make sense because it is not in my wheelhouse but the experience gained from the trade will be noted and I WILL AVOID REVERSALS.

Conclusion

- What is your final judgement of the trade?

Bad trade that was not one of my strategies so I should have never taken it but good job executing the plan. This trade tough me a valuable lesson to avoid strategies that I do not trade.

Action plan

- How are you going to avoid the same mistakes?

NO REVERSALS!!

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

I will protect myself by sticking to my stops

Notes: