Thursday, August 23, 2018

20180823 EXAS

EXAS







Chart History: Multi-year b/o.. (but this is a billion dollar mktcap.  I know this moves diff that small caps and wanted to get in on a dip.
Entry: 67.77
Stop/Risk: Low of entry candle
Profit Target: Ride til my exit parameters
Plan: 1min PB then ride the momentum
Summary:  Good entry but my exits were based on scalps and didn't see the bigger picture move.  1st exit would've been okay for a scalp to lock half, but the rest could've been ridden til the 9ema break.  The stop loss for the rest was at breakeven but got emotional and locked in the rest right under 70.. a few seconds after I sold, it broke through 70 without me.  I felt like chasing but was able to control myself and not enter again.
Problem #1:  Didn't fully plan/telegraph the trade til the end
Problem #2:  I hesitated on yesterdays entry.  Today i got a lil fomo but still hesitated.  I took half the size i'm supposed to just so I was able to pull the trigger and make the entry.
Learning Lessons:  Good entry but I need to fear set so that I can reinforce that I can take the loss and the world will still go on to prevent the fear from freezing me.