SN Trade on Jan 18, 2017 09:28 from ramentrades: Tradervue User Stock Trades.

Shorted 75 shares $SN at $12.73
The goal was to anticipate morning washout. The reason was because the chart was overextended and it's 3rd day of the run-up.
Risk off $13 over/under.

Added 75 shares more at $12.91
The reason I added was because $13 rejects. New average $12.83 150 shares.

Added 175 shares more at $12.77 to anticipate washout.

Covered 175 shares at $12.95
It did not make lower high. Started to grind up instead.

Covered the remaining 175 shares at $13.12
It broke $13 and held it as support instead. Covered for a loss.

The lesson I learnt from this was to spot ABCD and grinding action early.

Reshorted 75 shares at $13.17
It topped out at R/G level ($13.20) and starting to make lower highs.

Added 100 shares at $13.18
The reason I added was because it holds under R/G level.

Added 175 shares full size at $13.15

Covered 175 shares at $13.37
I took 1/2 off because I got faked out. I should've let it retest previous high at $13.40 and be more patient.

Added 175 shares at $13.31 when it double topped at $13.40
Back in full size $13.23

I tried to be patient after it double topped at 13.40 and starting to make lower high.

Covered 350 shares at $13.42 with another loss. It broke new high instead of breaking support.

The lesson is that I overtrade, got faked out and goes in and out of the trade too much. I need to be firm and confident with my trade. I will focus on long setup in the morning and short setup during late day.