MSFT Trade on Jan 25, 2023 14:15 from BrelynReeland: Tradervue User Stock Trades.

MSFT BOUNCE

BIG PICTURE -SPY has been in an uptrend. No news is good news. Opens below S4 (395) And appears to be going to find support at 394.

Fundamentals - GOOD EPS/lowered Guidance forward. This has placed mixed sentiment as people weigh sales revenue and overall outlook at potential recession in coming years. LA-Uptrend SA-possible range movement

Tape- More sellers at the resistance levels. Seem to be waiting to see this is the bottom. Then we gradually move upward so well. Consolidation at each key level makes adding to this trade fairly easy.

Plan- give what that market offers to me. Short below 336 for R6 breakout. If the bottom is R6 I'm long to S2. I became interested as it held above S3 moving into s2, I'm hesitant because SPY is still struggling to maintain S5 and I've lost two attempts to short both stocks. I take a shower down about 900$ and remind myself of a few things )probabilities, respecting stops, the importance of active trading entering close as possible to my exit) I realize I FOMO'd the AM and I come back with real focus. I enter just above S3 and take proFit at S1. I add during a consolidation below 138 and as it gathers to move higher I just wait. My target is R2-141 But I'm psyched out be a moderator who states, "lot of selling pressure at 140." I feel fear. I'm afraid of losing money and that's what I do. I lose by not holding my trade to the level I set and it does hit 141 quickly then rejects to S1 138 before continuing higher.

Review: Grade B I need to respect my stops and levels. I set a plan for entry and reasons to execute. Respect it. Stick to the plan and trust the process, otherwise, why have a process? There's work to be done. Part of me struggles. I am grateful to trade and play this game in doing so, I can only expect my worst self to show up Unless I commit to TRY. TRY TRY TRY. The bad habits of Fear and FOMO remain but lesser so. What to do? Re-read Mental game of trading. I am also listening to Best loser wins right now I don't doubt this too will be helpful.