UA Trade on Oct 23, 2015 10:16 from Holden: Tradervue User Stock Trades.

Allow things to speed up on me and start to make mistakes
There are 3 trades I took in rather rapid succession today that all could be my anti-playbook trade but the common thing here was me and specifically how I allowed things to “speed up” for me during this time of the session. My emotions were heightened, I was moving quickly trying to process things and discover opportunity, I was trading my p/l for the day not working to find good trades, I was working to find trades.

All 3 here will have the same header but here is the break down of this one:

UA- Morning - BPB- Failed Attempt lower, rejected below S, hold above and change character
Not a bad idea as price action pulled back hard to a key support level at 88 and bounced, cleared vwap and looking like it was going to make a move higher.
I wrote out my rules for this play and followed them but had not identified the set up well enough and now in doing my review can tell I was looking for a trade because my entry suggested that I expected this to make a V bottom and scream back higher. I had no reason to expect that here.
Cut the play and took a larger than expected loss as the action went against me quick but then spent time being frustrated with myself instead of focused on the opportunity that was setting up and then watched the action develop into the play I was looking for. I started to really think about my P/L here.