(Wednesday night) Tough day ,tomorrow ill explain I made big mistakes (lost $100) I recognize I did lots of wrong things and bad desitions that I should know by this time that I shouldn't do , could've been $20 or $40 loss day but instead $100 and commissions , need to sleep now , tomorrow I will post the trades and finish writing this blogpost
(Thursday morning) so yesterday started out with some acceptable mistakes , I was a bit patience to try for a morning spike on DPW I thought it could have a morning spike because was a big % gainer with news, so I let it to do a bottom and then I was willing to buy HoD break for a morning spike , by 9:41 it started coiling , and at 9:43 took Hod and a missed for whatever reason ,( its okay that. I missed , many I was looking to other stocks ) the problem is that I started chasing and I bought when the move was already done , I sold after some consolidation when wasn't spiking anymore at the same price I bought ,because I though that this 230% gap up was going to close below the opening price ,( as usually with so big gap ups) , meanwhile I also missed criss Hod break that I was looking to buy too for a morning spike that run 32% in the firs spike out of hod , so I was on really right track but I missed both plays , I think its okay to miss plays , at least being in the right track with time and experience I will not miss them , the problem is If I start to. chase or make emotional trades,
then I had in mind not trade more and wait for some afternoon b/o but I gave change to dip buy musty day runner DGLY that I bough a bit too early and CLQ but then panicked more and I wanted to buy but I was forcing myself not to trade more until a bread & butter afternoon setup , then it turned out that the second time would've been the right time to dip buy DGLY FRD but I missed too and its ok .
at this point I had 3 trades done and I am trying lately to only do 4 trades max in a day , altho I have only done it one day , but im trying so I didn't want to trade anymore until afternoon setup , so. I stepped away from the computer for a wile and a planned to study until 12 so I started looking at Tim Lento Mondays webinar , at 12 I started looking for my favorite setup , and then I started to be undisciplined and break my rule of waiting for my setup , entered a trade at 12:21 BLNK as it was a vehicle charger stock that started spiking because other electric car stocks where spiking , so it had an initial spike and it was consolidating and I bought , I think the trade wasn't too bad but I shouldn't be in because I already had made 3 trades and it was breaking my rules since its not my setup and it was overtrading so that was a bad sedition I made but an even worst sedition is that I traded it twice , then it wasn't spiking and I let it alone , but I should've let it alone the after the firs trade that I had a small gain ... or even don't trade at all because was breaking rules .
Then at 12:33 I don't even remember why but I bought CRIS , I had it in my posible a/n B/O list , oh yes I remember now , I bough because after breaking out mornings HOD at 12:05 and then after a wile did go below the b/o level but I saw it going over it again , so since I missed the 12:05 B/O I thought that was a good opportunity , it turned out to be just a slightly break through of 2 min and then going back down then I cut losses , regarding to my thought of this trade , I don't know if was a good or bad idea , I tried but didn't work out , maybe I should wait for later for this breakouts maybe after 1PM , then CRIS fade all day straight down.
12:44 : I buy FCEL , this was a truly stupid trade that I remember I did because of FOMO snd I wasnt even understanding the potential of this trade had it or not , at this point I already did a bunch of bad trades and broke my rules and I was doing lots of things bad so once im like that its pretty difficult to realize that I need to step back , especially because afternoon breakout time was about to come , so I took this bad trade with size I don't remember wat I was thinking , and then one minute later I exit for $24 loss , I was buying at the top .. of course I didn't le it consolidate because foam , the worst thing is that I rebought later at 12:51 6 minutes after my exit with even bigger size ... im really ashamed about that , I know is stupid , but the truth is that I did , and if I write it down here I can help it to stop doing stupid stuff that I have to right here later , so I lost $11 after cutting losses too early in the second trade , i say too early because it wasn't even a broken chart or a big % loss but idk I knew that my though processionals was wrong and that I shouldn't be on the trade and I just exited cus I was trying to scalp ...
INUV 12:47 this WAS a GOOD trade okay this I think it really was very good setup , event I had to cut losses , it started out coiling , was looking nice gun chart and multi-day b/o was probably gonna happen , I entered with the idea of taking advantege of the coiling action and sell many at te a/n B/O level the tested and Failed Or just hold through it with a nice risk reward , it turned out that broke out and I was in at a lower price having lot of room to let it play and be choppy , I was risking previous meaningful high area , , one thing that is true that is REALLY bad is that I went crazy big ( for my usual position ( 900 shares ) then I added 200 shares when broke higher highs after the breakout and I still had a very good avg I was letting it play because this afternoon breakouts really run usually , it was middle of the day fakeout and since I had a big position I was not going to risk any %loss , it was going to run or I was going to cut losses very very quickly , especially after such a bad trading day , so I had tu cut , then the thing run at 3:11 PM to $1.11 so missed this one too .
so... I got in again at FCEL at 1:57 for a gun chart anticipation of b/O , this wasnt such as bad of a trade but it was , I mean , I didn't look at the 700 M MKT CAP or the big float ... I went big and hold through all day then broke out at 3:40PM but after the close had a huge selloff that I didn't sell into , I sold into the afterhours bounce when the trend of b¡the bounce that was straight broke
DGLY again at 2:03 because I thought it could squeeze a lot of shorts since it had news so I bought into a spike and cut losses quickly , later on the day after going down again it squeezed at 3:21
and MARA was an attempted multi-day b/o that was hugely choppy I chased an had to cut losses .
I missed CLDX beautiful perfect afternoon b/o that broke and run 37% of the intraday breakout and I couldn't spot it , probably because I was focused on the wrong stuff .
Definitely had a tough night thinking about all this stuff , when I thought my account was building a little bit then I have this ugly day , I am really going to try and solve it by having as LESS trades as I can , in fact today im not going to trade anything that isn't perfect and my bread & butter , because I can not afford to keep overtrading and making my mind guilty , I want to lose in good setups , not in stupid ones , also I want to win in good setups that I understand , I don't want to be lucky , lets try keep going & be disciplined with the rules , I really think trading is a HUGE battle with our personal psychology/ mind
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