UA Trade on Apr 11, 2016 09:36 from tsun: Tradervue User Stock Trades.

There was one A+ set up in this trade at 42.50s. When it failed, I should have realized the following points.

1. The daily chart has become congested. After the stock split, I did not even think twice how the daily chart looked. I looked at it, but it never occurred to me that the chart was something normally I would have scratched off from my watchlist.

2. I was slightly biased. Having the image after being down more than 40%, I had a feeling that this stock "had to go up". But the daily chart showed that it was totally congested and there was no edge in this play.

3. Emotion got into me. After having failed to catch the bounce so many times, I began to subconsciously and unknowingly played the game to pick the bottom. Instead of reading what the charts and price action told me, I was too biased and only saw the way I wanted it to move. This is one of my old habits which I need to get rid of.

4. Treat this as a trading vehicle. By doing so, I remove emotions and minimize bias. It is there so that I can make money, strictly just that, nothing else. I don't care about Under Armour or Steph Curry. If it is not making me money, if it is too difficult, then find another stock to trade that's much easier.