AMZN Trade on Jun 9, 2022 09:38 from HelloMrMotto: Tradervue User Stock Trades.

Intraday

At the opening drive, I wanted to let the chart develop within 5 minutes to see which way I wanted to make my move. I watch the level two and saw that its resistance was at 121.33. The stock couldn't retain above that price so at 9:38 am I decided to short the trade. The stock went exactly where I needed it to go but bounced right back at the support. It broke the support and made a new LOD so I thought that it was going to go down from there.

The stock bounced back and I told myself if it gets close to where I shorted the stock then I am going to get out with about a .30 cent profit. Which it did and it bounced back so much that it tested the HOD again but didn't break through so I decided to collect profits at where I had my plan set.

This is where the trade went wrong

I had the golf range on my mind the whole time so I was eager to leave. I know now in the future that I need to put everything second and the plays in the stock market come first.

I know people say that 9:30 am - 11:00 am and also 3 pm - 4 pm are peak times and the market volume is dead in between that. There is a lot of truth behind it but, I also know if you let a chart develop to where it needs to go you will have a huge advantage and a stress-free trading day once you see the pattern presents itself. I don't know what time it will be and it could be at any time so you always have to stay ready. But what I do know is that I need to develop my sniping skills and wait for the big move.

As you can see at 1:30 pm the stock did exactly what we wanted and anticipated. It broke the support level heavily. From 119 all the way to 116. These profits could have been collected if I would have waited for the trend to set up.

But today I will let it slide because of the anniversary. But tomorrow is no exception whatsoever!

The sniper mentality is very important to develop and study. This will secure your trades.

Please be patient as the days go by and develop yourself into that character.

What can you do better?

• Be patient

• Let the trade develop for a better entry because we don't know what time it will happen so we need to be there when the opportunity presents itself

• No social media in the morning (very important)

• Learn to start going on the reversal when it presents itself. It's not only about short-selling stocks but you have to be able to go bullish with it

• While at work, everything comes second (don't think about golf or gym)

• Prioritize yourself and be more professional

• Prepare better with news and catalyst of potential plays in the morning

Grade: C

Why that grade?

You followed your plan and when the chart went into the reversal you took profits off the table.