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.
Today this felt right. I was shaking for that 20 mins, especially as the stock doubled topped at .39. I kept reminding myself to look at the big picture, trade the chart and not sell into panic/dips. Also it was easy/tough selling at .43 because I had this hunch it might go higher. I am happy I sold into a upward push though as that was the plan. Today was a winner. Mentally draining for shizzle but a winner indeed.
The lessons of trading are painful the say the least. Started with try to play the move at around 12.35 and took a tiny profit on that. Waited for the pullback to re-enter at around 12.45 and then I saw a hard rejection at 12.60 for the third time and took that as a sell signal.
Just moments later it did what I wanted it to and burst through the resistance. Wow that is definitely one of the worst feelings in trading. To miss my trade by mere seconds. The line between success and failure is so thin. A good lesson learnt and I have to sit and ponder about this one. Would I wait sell again if such a situation happens in the future? Probably, I mean that .60 mark kept rejecting, I feel I did the right thing but its so hard to accept that.
Win some lose some but I think the important thing learnt here is to stick to the rules and trade the chart.
PS: In case someone was wondering where round about 100-130 USD went? Well I have to pay for my platform so that fucks me up a little ;). I know I keep wondering where that disappears to as well.
Today I did not take a trade because the set-up was not perfect. There were some variables I was just unsure about. The open sat right on support and I was not used to that. Usually it drops to support before the reversal. I was also a little uncomfortable with the Average Daily Volume even though the last few days was strong. Either ways I learned more about my favourite set-up and it re-emphasized the power of the set up and how it worked even though the conditions were not perfect.
I am still sticking to the less I trade, the more gains i’ll make mentality.
I really feel terribly stupid and mad at myself. It so sad that I keep making the errors I tell myself not to. I cannot understand why.
Really nothing to say here. I traded pre-market without waiting for trend to form