Shared by:
CapitalMastery
Summary
Clean down trend, but the weak market, and AAPL being at highs, was not going to let a bounce happen today. Have mixed feelings about whether or not I should have taken this trade at all. While I'm tempted to say I should have avoid, maybe it's just a solid setup that just didn't work out.
Did Right
- Kept my sizing in check
Did Wrong
- Took profits too quickly; didn't even give it to VWAP, and seeing that AAPL is a strong stock, should have gave it more room.
Improvements
- Be more patient with strong stocks on exits. As long as your risk is in check; it's ok to get stopped out if things don't work.
- Also, on weak days, consider leaning on a broken up trend line as my primary Reason2Exit. Can exit the first candle that closes outside of the trend line, which would have gotten me $0.25 more on this trade, and I would have been following a system/Reason2Exit rather than just gut feel, which is great trading.
Execution detail:
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