Yesterday I was trading a stock with a negative news catalyst that was below an important longer term technical support level and intraday VWAP, got short, and took a loss.  I would make the trade again.

After taking a loss consider whether you would take the trade again.  Here are the questions I asked myself:

1) Did I have an edge with this trade?

2) Was the trade in my PlayBook?

3) Was my stop too tight?

4) Was my stop too loose?

6) Should I have lightened up in the position since it was not working right away?

6) Was I too big in the trade?

7) Should I have been bigger?

8) Why didn’t this trade work?

9) Was there something from the tape that foreshadowed this trade would not work?

10) Should I have re-entered after getting stopped out?

11) Would I make this trade again?

*no relevant positions