ROKU Trade on Aug 19, 2021 10:13 from Zeug: Tradervue User Stock Trades.

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Zeug

 

FI I finally get Mike Bellafiore saying of " If you miss the entry you missed the trade "
I missed ROKU of the open, watching other things, then when I finally saw it chased in , worried it would go to 160 without me and me missing out on potential upside. Even worse didnt set a stop as i was convinced it would run to 160. Even worse took it of screen again to look at other stocks, when i finally looked at it again it was at 346, past my stop . I kept watching it in the hopes it would bounce and then when a Vol spike came in and I was deep in the red finally hit out at the low. It immediately bounced $ 4, not that that matters, as I shouldn`t have been in the trade in the first place or should have stopped out at my stop, if for some dumb reason I was in the trade .So if I listened to Bella and just let the trade go without me, since I clearly missed the entry, or at least treated it as a scalp when I entered where i did and actually watched it I wouldnt have lost any $.
Takeaways : If you miss the entry you missed the trade
If you chase dont take the trade of your screen, treat it as a scalp and have a tight stop .
What will I do to fix this ?
The next 10 days Im only allowed to buy on the bid and every trade will be required to have a hard stop in place. That will force me to think the trade thru prior to pushing buttons.

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Execution detail:

Date/time Symbol Side Price Position
2021-08-19 10:13:40 ROKU buy $350.300 long
2021-08-19 10:40:25 ROKU sell $344.620 0


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