GMCR Trade on May 14, 2013 09:31 from J2WS: Tradervue User Stock Trades.

• Executed Previous Night's Plan
• Found Opportunity (albeit a little too late) to add
• Failed to take profits into strength

This trade had both great and terrible elements in it. First the great. I planned this trade last night, my trading plan can be found

. And I executed it accordingly at great prices using the levels on the bigger picture time frames. I found an opportunity to add, although it was probably an hour too late. The real opportunity to add was when it broke above 80.00 on the pull back.

Now for the bad, I failed to take profits on the way up. I always need to sell into strength, even if it's 100 shs or 200 shs. This doesn't mean to get flat or move my stop up, this just means I have a large enough position where I can make positive cash flow while I let my bigger picture trade idea play out.

Yes the market turned and GMCR got slaughtered causing me to get out of the trade, but that's an uncontrollable event and it's part of trading. Had I taken profits on the way up, that moved wouldn't have bothered me at all because I would have made the trades.