WTW Trade on Feb 19, 2019 12:21 from MarcoG: Tradervue User Stock Trades.

Consolidation Squeeze Play above pm high on ER beats!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength

Set-up : Consolidation Squeeze Play
Symbol Name: WTW
Side : Long
Size : 15 (should have been 65 .ca)
Entry : 29.09
Takes : 29.24 / 29.34 / 29.44 / 29.54
Exit : 28.99
P/R : 5.5$ / 1.5$ ( should have been 19.50$ / -6.50$)

Comments: This trade even if green is the reason why I am red today. I have in the end got a 1:1 P/R getting 1.5$ as risked. But if I would have used the same sizing and risk I have used for the other 2 trades I have done today I would end up with a + 3.20$. Not bad having 2 red and only 1 green. I can respect everything but if share size is different I see it really difficult to be profitable!!
So did I respected the rules?
Yes regarding attitude and psychology but failed at the sizing. Difference between the positions. This led me to a loss while the winning trade if sized as planned would have cover the loss giving a 1:5 Profit/Risk ratio. That's why we focus on let winners go and stop losers, but with a different size you get screwed.

I wanted to trade also $UNIT for break below 12$ at 12.50PM but I had hesitation and I have been punished cause the stock get just to target 11sh.

Same thing with $WMT, I wanted to short below 103.50 at 13:41PM but once again hesitation. Punished 2nd time cause the stock just got to target 102.35
As long as I keep doing this I will never be profitable. There s no way to make it I don't apply every fucking trade the same size!!
I can anticipate entries, exit resulting in a scratch trade and ruining the trade but I can't change fucking size!!! This is a must otherwise the shop will close!!
Second must is NO HESITATION, ANYMORE!! I have to stick to my knowledge, instinct and capacities and keep building a winning system.
This will let me avoid late entries such this on $WTW!!