SQ Trade on Mar 1, 2019 09:45 from ValeriuMoraru: Tradervue User Stock Trades.

Initial Comment:

After the initial drop I was looking to short it and i so it was bouncing on the 5 min. I waited for it to get overextended and to make a quick move up with volume so that i could short it into one of my entry point. I did that but it didn't work out unfortunately. I didn't want to risk 50c, because that for me is hoping and gambling. The thing that i could improve is to think quicker and re-evaluate the situation immediately instead of letting it go like i did, because i mist a really nice move.

Proper Prep:

I watched the charts and news before the market and also i studied the previous day price action winch were crazy nice. It's funny how much a piece of news can make a stock move.
Any way, my technical levels on the chart were based a lot on the previous day and from longer term charts.

Hard Work:

I watched Premarket trade also the day before and the after hours. I was expecting a continuation on the up side.

When the bell ringed it run straight down and i started to search for a place to get short. I didn't want to chaise it so i waited for it to bounce. The last candle made a huge Volume and the tape was spiking up really fast. I choose this level because i so that it previously tried to test the 50 area and it failed and also when it came into this are it slowed down. I know this is still technically the open and everything can happen until 10 A.M. , but this was a second day play and also it much more controllable the spread and the risk after 15-20 MIN before the open.

Patience:

I was patient because i didn't jump on the FOMO wagon and HOPE for the best. I tried my best to come up with a plan, executed as i wanted and not let the emotions take control of my trading (or force my trades).

Detailed Plan:

My plan was to get short at 79.55 and if it get over 60 cover immediately. My exit was 1$ lower minimum or a change in pattern that forced me to cover. I knew this was heading lower after the first drop, but i was also really afraid because a lot of time it can reverse and go up the hole day... it happen to me a couple of time because i didn't cut my loss and i was in the land of HOPE riding a uptrend on the wrong side....

Discipline:

As soon as it broke 60c I covered and get rid of it as fast as i could. I didn't re-evaluate immediately the situation and because of that i mist one of my other short spots that i was watching and yeah... i basically mist the move. I don't know why but when something don't work out i tend to delete what i previously accumulated in my head and go to another stock or warts wet to daunt about my trading and start making 1000 stupid little plans that none of them work.

Contribution:

NON

Reviewing:

This trade really had potential, unfortunately i didn't re-evaluate and started daunting about my plans. In this case i understood that i was the weak hand and i just had to re-enter higher. I will try my best to clear my mind and re-evaluate immediately the situation next time.