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jfield001_BOWS
Failed on a long so decided to short, can't revenge trade.
Saw bear pattern forming. Not a bad trade but need to remove the feeling that I need to be positive on each ticker. Hyper focusing on this ticker and missed an opportunity for an AMD Quick Pullback Buy.
Entry point could have been tighter to the MA's, need to take profits.
Short 19.61, I felt this was a late entry and that I was going to miss the move. This led to a poor entry in terms of risk. Risking 19.75 - 19.80, just above 9 EMA at entry. Great entry would have been 19.68ish.
3rd entry after candle gets the break down, lock in 1/3 at 19.37. Decided to ride 9 EMA for stop, stopped 1/3's at 19.59 and 19.61, basically flat on the rest.
Optimistic: took some profits, locked in before the bounce upward and didn't turn it into a loser.
Pessimistic: missed an opportunity to lock in more, careful risk tolerance and could have other opp to lock more $ in.
Objective: locked in some profit, didn't turn it into a loser, still felt forced, better entry will yield better results. Need to recognize that I am feeling late the the trade!
- Bear Flag
- Vol? yes
- trending with MA's? yes 9EMA, 20 EMA, VWEAP all sloping down. Not trending on daily.
- With the trend? not on daily, with short term trend on intra day
- J/S? yes could have executed better.
Grade: D
Execution detail:
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