LVS - REVERSAL DAY

 1 MIN

 1 MIN (2DAYS)

 5 MIN

30MIN

DAILY

What I did right:

• Followed my own judgement regarding the trade and didn't let other expert's opinion influence my decision to execute.
• Was in this chatroom for the first time and asked them about shorting LVS AFTER i had entered the trade. The guy said not a good idea. But I believe in my analysis and stuck with the trade. 
• Chatroom was talking about longing LVS just because it's new 200 day ma, which i disagreed. YOU CAN'T JUST BUY A STOCK BECAUSE IT'S AT 50 day ma, 200 day ma, or what the heck the ma or level is! YOU HAVE TO LET PRICE CONFIRM THAT IT'S DONE GOING DOWN!
• Why did I stick with the trade?
• great risk/reward 14 cents risk vs. 50 cents of reward.  Thats 3.57 to 1 risk (awesome)
• longer term (dailys), medium term (30min) all in confirmed downtrend
• price breaks shorter term uptrend with tight wedge at the edge of uptrendline making consecutive lower highs. This makes for very safe entry and  CLEAR risk/reward calculation.
• Price below vwap
• 50 cents was a conservative target to the morning lows. 
• I scaled out and didn't chicken out all at once

What needs improvement:

• I exited too quick. Very embarrassing to have seen it drop another 50 cents from my last exit. I mean it's true that hindsight is always right and we are not here to catch the top or the bottom, but i should have stuck with my strategy of leaving a small portion at least to see how it will turn out. 
• How should I have kept the last piece? As long as any surge didn't penetrate 37.72 which was the last lower high. 
• I did think about leaving the last portion. But at the same time, I was content with the profit already gained <-----bad mentality that needs correcting. THE MARKET DOESN'T CARE ABOUT WHAT YOU THINK.
• The correct price to exit would have been 37.05ish.