LULU Trade on Nov 14, 2022 12:39 from quanphan135: Tradervue User Stock Trades.

The set-up: Reversal Trade

This trade was mess up the most. After seeing SPY breaking my key level. LULU was my stock in play for relative strength.

LULU was sold off during the morning. And its NOON now. Seeing LULU building strength. On bigger time frame, still a bullish signal + combine with SPY are strong as well. I decided to go LONG at 355.20. For this trade, Im risking 50c. Target upside at least 2 points 357.

After getting stress out and tired. I sold my position at 355.82 for a very small gain (Not worth to trade) - 2% ROI

After another 15m LULU reaching to 358 (3 points gain if I holding my position more)

What I did Right: NONE

What I did Wrong:

Well, I have a good idea when SPY building strength combine with LULU. But because of stress, I do not holding my position to my reward target. This is very wrong. Also a unplanned and bored trade. I should not do this next time.

Where I could improve:

I will need plan my trade more accordingly. As understand my risk and accepted before I plan a trade. If I dont do this, a draw down always hunt my and make me pain.

Trade grade: C+