Description

- What was the result of the trade?

Stopped out b/e. Stock started to push up but then it reversed and started to come back to my entry. I did not have the patience to deal with it and noticed the SPY was weak at the moment. Not trusting it without a catalyst, I decided to let it go even though it was not according to plan.

Feelings

- What were your feelings during the trade?

Frustrated because it seemed like nothing I was trying was working at this point. I felt like I was just trying to force a green trade so I decided to cut it lose and let my mind regroup.

Evaluation

- What was good or bad about the trade?

Good setup with a nice volume profile. Bad job executing the plan due to emotions and frustration.

Analysis

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

Although it was a decent setup I probably forced this trade just looking for some green. The setup makes sense but my emotions at the time should have kept me away. I was on the verge of fomo overtrading at this point.

Conclusion

- What is your final judgement of the trade?

Not a good trade as far as my execution. The setup was decent but the timing as far as my mind state, it was not the right time to get involved

Action plan

- How are you going to avoid the same mistakes?

PATIENCE PATIENCE PATIENCE. Let the trade plan work whether its green or red

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

Notes: