RBLX Trade on Mar 24, 2023 10:20 from kgauvin25: Tradervue User Stock Trades.

Market Summary:
- So I mean with this indice misalignment looking a little like short side might be in play
- Unfortunate though no real longs in play
- So if we see market weakness, look for clear rel weak names with 8 EMA catchup , check daily, then look for tight R/R entries
- Also be prepared for chop if people are not doing too much buying/selling ahead of weekend

$RBLX - Gaming - Communications

- No catalyst
- Momo Name, MC 26B, ATR 2.3m, AV 13m
- Middle of Daily Bullish ---> this is an STF Trade

-- layers for missed trade (9:45am)
- No really rel strong
- Below LOD (not ideal)
- 8 EMA there 26 - 30 cents risk
- Not at Daily level and no catalyst
- Not gonna risk 15% Daily Stop

What happened
- I just paid the market 15% of my daily Daily Stop to learn a trigger point on myself
- Clearly missing trades puts me in a bad emotional state
- I felt the desire more and more to make a trade
- This will put me in a dangerous position
- This is what happened with $RBLX today
- SO I missed the RBLX earlier trade with a key moment to buy signaling when was really holding
- Then I missed $BAC caused by looking at other bank names to last min, and noting rel strength of the banks way too last min
- The $RBLX comes back and is wedging around 8 EMA
- Not a horrible trade idea but not great so really not worth risking more than 10% Stop
- I quickly figure out how much risk is required (too much), then make a plan if shooter comes in to then try
- Figure out risk on shooter was in my mind about 27 cents (should have rounded up to 30) and took the trade
- Felt right away this was not ideal
- Time of day not good
- Then end up getting stopped out and really pissed, in which I quoted the following
- " I am so so f** stupid"
- " I missed a couple trades earlier and now I just screwed myself"
- "15% Daily Stop at Risk for this C setup in this bad market conditions are you kidding me????"
- Got away for the screens for a quick 5min and then came back in a more calm manner
- Ya know what I am glad that I did this review and did not let this spiral out of control
- Later on I will do visualization exercise to stay calm after missing trades which is clearly a trigger point for me

• Rewatch:
  • I mean below LOD which makes this tough cuz technically not rel strong
  • If fast enough can get risk covered on pop, cannot if not quick
    
• - Honestly I overread this when looking back and was not as ideal of a setup as I made it out to be -