NVDA Trade on Oct 21, 2022 09:59 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play/ Morning Break Out

This is a GREAT TRADE, BUT I WAS GETTTING FREAK OUT BY BIG WICKED CANDLE AND GET SCARED AND GETTING OUT OF MY POSITION FOR NOTHING HAHA

After first wining morning trade of AMZN. I switch and looked at NVDA (NVDA was open and show alot of weakness at the opening market). But now trading above opening price prints as well as getting confirmation that trade above yesterday closing price as well. (And the market is still trending up). Notice this price action offer ALOT of GREAT R/R. I decided to enter at 122.20. Risking 70c target upside 124 (1.8 points-2R-ish setup)

After entries, the stock work on my favor immediately (great). Like I said, after enter the trade, I always watching closely of the price action on the charts and tape. The next 2m candle open green pushing toward into 123.20 (So great!), then pushing down immediately and big wicked on the TOP (Usually heavy seller creating this). It's freaking me out and I decided sell my all my position at breaking even. I then after that seeing my beautiful setup going up WITH OUT ME :( @_@ (Very unfortunately again) This is a monster trade right there

What I did Right:

1) I know where exactly my edge/system and what I looking for when I trade.

2) I enter without hesitate, and fear, when I see my setup

3) Identify trend and high R/R

What I did Wrong:

1) I got freak out of this trade (even though I never hit my SL)

2) Because of this, I lose my monster trade! (And watching the stock moving UP by ALOT without me T.T )

Where I could improve:

1) If my SL never get hit, I should really patient and let the trade working out. Always remember, market goes either way after my enter trade. No need to FEAR or FOMO before, during and after trade. I need to learn "Let's market do what Market Do" & Respect the Market.

Trade grade: B-

2nd TRADE

The set-up: Opening Drive Play/ Morning Break Out

After getting freak out and see NVDA moving up without me. I getting super FOMO. I keep chasing the stock price moving up and enter HIGH without thinking (High R/R setup anymore), and yes, this is where I got fucked!

I bought at 124.50. after bought the intra high, stock pushing down immediately. I figure my FOMO get the best of my and my trade not getting high R/R any more and if I hold this trade (if this go against me). I would lost alot of money. So, when the stock suddenly not go my favor. I decided to sell the stock at -1R loss ( but still protect my morning gain of AMZN) and call it a day

What I did Right:

1) Cutting early loss when the already going against me

What I did Wrong:

1) FOMO TRADE

2) CHASING MOVING UP STOCK/PRICE ACTION

Where I could improve:

1) I always tell to myself, if I missed a best move on R/R and if I could not accepting the risk. I SHOULD LET THE TRADE GO and MOVE ON! I'm here to HUNT A MONSTER and Respect the Market. I'm not here to be FOMO/FEAR And make so much trade for money, but focus on the process and how to improve my skill on maximize the treasure market.

Trade grade: FAILED!