Today has been a crazy overtrading day for me , I really have taken toooooooo much trades also bad trades, I mean very bad trades , even the first day I put my rule of not going in position size over $250 I've done it , also have takes make back trades , and of course my overtrading
NNDM was a news play that Tim Sykes and Michael good alerted the news on the chat altho they didn't buy , I did ,it was nice since I bought because was a recent tuner FGD on news that spiked on news like 13% and I bought and made a little 8% altho I was wanting 15% but I didn't want to get cocky because im not used to news plays
GNUS was a crazy overextended stock that squeezed short sellers with choppiness , and I was trying to take advantage of the short squeeze and the afternoon breakout but was risky since its so overextended and it was sooo choppy making a big takeout midday at 12 but later at 2 it broke out altho I didn't want to get in because I traded it so many times, I was overtrading, and focusing on other trades.
TTOO was a multi day breakout that I tried for an afternoon breakout but didn't work out also the setup wasn't ideal as I explain in my trades
WRTC was another multi day breakout that I tried but faked me out few times and had nearly 300 M MARKET CAP so also not ideal setup also not crazy vol and also up a lot on the daly chart , it did turn out to breakout well but not huge % since is high priced and choppy
CREX was a trade that I followed from Tim stupidly not being a good setup for me , also failed the worrst part is that after luckily making some money on it I didn't thought that was a bad setup for me and that I was lucky and so I though it should run , so after exiting my lucky trade , I went back in and lost my profits of the lucky trade as I deserve ... for following alerts
INUV Also a multi day b/o but in a gap up and not very good setup that I tried early in the day for continuation of the morning sunup , overtraded it a couple times and failed , also the stock failed.
MARK Was a recent runner that I was trying to dp buy a little morning panic and made some but wasn't a very good panic so not a good trade.
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OK. so I write down all of my trades so that I think twice to take a trade so I can overcome my overtrading problem , today I've been lucky , I've been down in the day and made back and made nearly $30 but the thing is I broke a lot of the rules very bad , so today was a bad day event at least I made some and hopefully eventually i learn of my mistakes, can't wait for tomorrow for that I can have the opportunity of not overtrading and just taking good setups if they present themselves ...omg I really have to learn that rule .
I think overtime ill learn and keeping STAYING AT THE GAME is key for success ,so focus on good setups and % gains with little position size
mistakes : overtrading
following alerts
overtrading
overtrading
overtrading
taking shit setups / overtrading
being emotional
trading setups that I don't understand
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