Executions: 2 sets
Played this under the same strategy twice. Was a good trade according to strategy but did not work.
- Range is important and this chart actually had poor range historically speaking. Although today seemed like it could have been be a big day.
- Start getting into my bounce entries only when a new high is made.
The first pullback attempt – This was a good one and according to my strategy. The moment it failed I got out
The second pullback attempt – Terrible entry because I anticipated support and did not wait for a new high before entry. I kinda semi-jumped in. Now it looks like I might have bottom ticked the exit here. Who knows if this actually works eventually or not but I definitely effed up on this one.
Ironic how I tweeted about FOMO and then probably fell for it in a weird way.
Had a might fine entry at 8.10. I was a little disappointed at my exit though. Had some orders out at .40 and .35 to get out but it did not get filled. I kept being stubborn and waiting for another spike.
I took a step back and thought about the overall picture. Statistically, I knew many of these consolidate and then re-hit the highs or go higher. So I waited patiently but 8.20 held for a long time before the bid started getting chewed rapidly. Got out quick before the support line broke.
Good trade overall. I did get for slightly bigger size but I need to start sizing in terms of risk dollars more. I do it but I shy away when i see share size get above 400 for some reason. Got to break that mental block.
DGAZ Try One – This was disappointing. I got shaken out as i misjudged support putting it at 29.60 when clearly the chart showed it at 29.55. Lost quick on this
DGAZ Try Two – Stopped to think and totally did not revenge trade this. I loved this trade as I respected my support fully. Risking potentially doubling my loss for the day. 29.55 hit and then it bounced even after my entry. Took half off as it was going Red to Green and then hit the bid as support at .77 broke. Proud of this trade. Definitely one of my better trades.
Btw in case some of you are wondering, IVC was a trade I made and lost 50 on in an attempt for a multi-day breakout last weds and I totally forgot to blog about it.
Missed the pullback on this and tried to chase it a bit. Realised my folly and got out for a small loss. Gotta learn to be patient and accept that plays will be missed.
This was nice. Played it correct, was just too quick on my exits. Marked my lines well pre-market. Anticipated support at whole number 16. Got in for the first ride and took profits. Re-entered again around the pull back and took it again. Was real proud of this. Right now it seems to have hit that morning HOD as expected but who knows what could happen later. Statistics tell me that this is as high as it gets but statistics lie all the time.
Cannot be more mad at myself today. Suretrader decides to fuck up when I want to take an entry at 9.47. This thing goes up to 9.93 and I try to play the pullback after my platform got fixed. Unfortunately, it was rash and emotional. Its just annoying when these sorta things happen. Sure the platform failed me but at the end of the day, I chose to play this and clearly got some FOMO.
This is painful to watch. Clearly didn’t do as I expected. Some mistakes:
- The first mistake was a rushed into this pre-market. I thought the dip was a good opportunity to buy
- Clearly misjudged the support and let this sucker wash on me
Its painful to now see this playing out correctly especially with such a big sucker of a loss. OUCH. Tried to take a trade in at 17.30 realising that I mistimed and misjudged the beast. Unfortunately I had smacked my max loss.
Well I guess more to learn and the terrifying journey continues.