I didn't buy PM bc it was opening near PM resistance and I thought it was likely to dip out of the gate.
I don't exactly know why I bot in the first dip. It may have been FOMO.
I was wanting to but at $2 but I just couldn't hold out so I bot at $2.20.
I wanted to add at $2.01 if it went that low and risk $1.98. Never happened.
I missed adding and then watched the squeeze.
I thought I'd watch for the top, add to a pull back, and take profits after the bounce.
It pulled back harder than expected but I bot into the dip which raised my risk lvl.
I no longer believed it was going to return to its highs but still thought there could be a bounce that would make the trade profitable.
That did not happen either but I did raise my risk level even closer.
I went over my total $ loss of $10 by $.60.
I believe I made myself comfortable with how I took the loss by dividing my trades up.
I have been thinking to start smaller size in case I don't have the best entry and add into dips.
It did however make me regret not having more size when the trade was going higher.
I didn't take profits even after I was up $.43 per share.
I should have sold my position and then looked for a re-entry.
OR I COULD HAVE TAKEN PROFITS AND LEFT THE HOUSE.
I'm going to continue starting with a portion size.
I'll sell into strength and possibly re enter if the opportunity is there.
I believe this particular trade would have been better if I:
1. Gave it more time to dip
2. Added at Red/Green on the day
3. Sold into strength
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