Should have waiting for the right Entry. Didn't want to cut my loss but it just got worse then I wanted in the long term.
Major overtrading in this July 025 batch. I even went so far as to revenge trade with way more size than I'm used to. Thankfully I cut most losses quickly, but I need to embrace the "less is more" mantra. There are some good short plays in here, and multiple trades are combined.
Another bad trade.
Entry comments: Opened this position as the price was breaking out in the morning. Expecting a bigger breakout. Now I am bag holding, but, it still looks like there is potential for another breakout.
Exit comments: I lost confidence in this trade as it was just so choppy and couldn't break out. I closed on an uptick. I should have held longer for a much better close. When I am in a bad trade, I do not do well on executing with the recovery. It would be better for me to not allow the trades to go bad before getting out.
Entry date Jun 30, 2025: Bought 20 shares of WBUY for $8.74. RCT play, bought when it hit the top body of 1st red candle, big % gainer with stablecoin news, 7.4x float rotation, 479.67K float, former spiker. Goal was $1.50 spike. Risk/reward was 1:2, .75¢ downside $1.50 upside. Exit date Jun 30, 2025: Sold 20 shares of WBUY for $9.99. Great spike, moves fast, sold into strength.
Entered this using Tim Bowens red candle theory. was tempted to buy on a dip but wanted to test this theory. Worked out well. Wanted to hold longer, but I had to get to work and I was just looking for singles because holding usually puts me in bad positions.
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