I cant believe i really just did that. Gambled and did zero research on a weak ass mid day b/o. Head and shoulders pattern, weak ass energy sector, mid day play, and it was at the top. I believe the only rule i did follpw was cutting losses quickly. It has since went up a few pennies but it had me so nervous because i identified every mistake the second i did it. I didnt even use the sss. I deserved to pay for that but i will most certainly not make that mistake again. I take the loss as good because it shows me that following the rules would have saved me 24 bucks. Small loss on even smaller account. I have to be more disciplined. I will do better next time.
Posted Sep 29, 16 12:46 PMbyOgshuffl3z
Categories
13 Lesson Thursday
This would have been a good overnight play to profit on since it finished strong yesterday. I was going to buy into this @ 3.10 yesterday but didn't pull the trigger. But I'm not mad cause I didn't have confident here, and it moved up very slowly today. I have bought at the top before and I know the feeling.
got in @ 3.26 set alert for 3.16 out @ 3.17 took your advice again and saved alot of money SAFE SAFE SAFE
im feeling the same pain right now with $SDRL bought at the top , and no sooner that i did it dropped, hoping for a rebound at closing now, but im in hole 24 bills at the moment, SMH
If you cut your losses quickly you already did half of your trade ok, Make sure you learn somthing about your entry. don't play mid days unless you have an specific plan.
Join now or log in to leave a comment