I had hoped that this would reverse and give me a trend that could produce a 20-30% move. It didn't happen. When 20 broke I got out.
Entry 1: $22.15
Entry 2: $21.62
Exit 1: $22.64 (sold pre-earnings rally to reduce position size going in)
Entry 3: $20.65
Exit 2. 19.96 (break of 20)
So what happened? I'll blame this one on recency bias, as my previous trade in VRNS ran 5 points in my favor before selling off. I had hoped it would find support and do so again. There's no uptrend, it was relatively weak compared to the market. I had several points where I could have exited for profits (indeed my initial exit was successful) but ultimately I paid the price.
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