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(This is one of many journal entries where I articulate my notes from studying the vast content available within the StockTwits network.  Previous entries can be found under the "STJournal" label.)

Why am I sharing trade details postmortem?

1. I am sharing trade details because it helps me stay honest with myself.
2. Sharing also keeps me humble because it reminds me that I am a small account trader and need to manage my risk accordingly.
3. It helps me put my ego aside so I can learn disciplined habits.
4. Sharing forces me to articulate and review all my trades.  Over time this process will sharpen and hone my knowledge towards being able to critically and objectively reviewing my trades.

Trade Summary
        An earnings play where I sold volatility anticipating that the earnings report would not drive prices higher than $27 per share or lower than $18 per share.  Earnings was poor and the stock traded down to the $16's in after-hours.  This trade had no downside protection so I sold at the open instead of waiting for a bounce.  This trade was a large percentage loser (50%), but I was comfortable with the dollars-at-risk.

$YOKU Postmortem

        Constructive criticism is appreciated if you see something I should improve on.  Previous trade postmortems are available under the "Postmortem" label.  I share my stock and option trading ideas on StockTwits.
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