GIS Trade on Mar 23, 2023 09:31 from kgauvin25: Tradervue User Stock Trades.

Takeaways:
- P/L
- Never ever look at Open P/L, Get in head that P/L is always WORST POSSIBLE OUTCOME
- Big money is made from catching big moves on big size ---> If you cannot catch big move you will never make big money
- 1-3 trade will make up bulk of your P/L
- $GIS (3)
1. Could have used starter vs 81 (which I mean was valid level), and then added through 81.50 ensuring total dollar risk was around 30% Stop
- Have to to practcie diff scenarios and doing math
2. Have add back plan
- If stays strong: IDF
- If falls back more: Inside 5 or even better inside 15
3. Have system for trailing if do get steep PB, and not obvious pivots, using ID IF levels that give enough room and depend upon game plan

Market Summary:
- So market slight common gap up after weak close yesterday caused by Fed
- QQQs bullish near Res
- SPY bearish in channel
- IWM right at support with some ext
- Day after Fed tends to be trend so lets see what happens

$GIS - General Mills - lots of cereal - Staples Breakout, Daily Cons - earnings, MD
- Beats EPS, Beats Rev, Guides FY23 EPS higher
- Not Momo, MC 48B, ATR 1.4, AV 3.4m,
- Watch for PB and signal around 81, really need D8 to catchup

- Plan: Get long through 81.50, because we are set to open might be able to get as much size, so need spreads to be tight

Pre trade Thoughts
- Bit spready so 50 cents risk more like 70 cents potentially
- Staples name so do not wanna take a lot of risk
- Trade thoughts
- Was only was only able to get 200 shares based on space risk + spreads
- If I took 400 shares I would be exceed taking 30% of my daily Stop which is my rule for really good setups liked this
- Got my risk covered now and this last piece I will only exit via trail
- I do not care if My P/L goes to zero, my risk is covered, and this is house money at this point
- Daily 8 Still n2 catchup
- Adjust stop with no technical pivots
- Stop will get moved up to 81.59 and if 30min 8 EMA catches up to 82 I will move it until 82
- Level fought over for a while and broke on volume
- Planning to liquidate into close

Emotions
- Feel a bit down considering I could not trim at 83
- This was painful, but I made a decision that I know is the only way to be able to make big money in the market
- This pain I am feeling on this major pullback is NOT FUN, but is NECESSARY
- I am very proud that I stuck to MY GP and made the mentally hard choice ---> Now T adjust