12th September 2019

 

The worst trade ever

 

 

So, today I did the worst trade a person could do. In short, I buy in an uptrend momentum and I sell in the same uptrend momentum. U might say “Cool”, yes, the problem is I took a loss.

If u don’t trust me, let’s see, I take a screen shot for u 

 

Yess, maybe you never saw someone stay 20 seconds in a position, but… I did it! 

…I know, that’s a huge problem I have to get trough.

 

Other problem is that I left $100+ on the table for the (maybe) 10th (or more) time…. That’s sucks! 

 

If I’m doing a strategy with a particular set-up (in reality easy set-up) I must trust in this plan… And not cut losses whenever I see the position going red, otherwise I can’t test 100% a strategy.

 

 

 

I add the in-depth analysis of the trades I did today in this play $RUHN (A020-A021-A022), sorry for my English, I am in this trading world also to improve my English and I do so many language-mistakes. 

 

PS: there’s a surprise for you at the end of this post ?

 

———————————————————————————————————————————

 

 

 

A020 Awesome! I just can’t belive it. ? Think the worst trade until now (20 trades). I don’t know if staying 20 seconds in a position can be considered a trade ahahahaha.? Really no words. I think, in this situation, a random PERSON couldn’t have done any worse in any way… (not a trader, a person). Just take THE worst TRADE ever one person can do ahahah

 

Entry comments: See $RUHN spiking in real time, I’m going against the plan (plan was to buy in the low 6ish to sell in the high 6ish, taking 6.5% gain) because I see this first green day pattern with a good volume spiking, so try to take some meat

 

Exit comments: Impossible, I didn’t even take the time to thinking about the situation and I cut immediately with a MKT order…. stay 20 amazing seconds in this trade, maybe the problem was I was thinking during the trade because I wasn't prepared for the trade. I was prepared for a buy entry at low 6ish… Just 2 minutes later price hits $7.55 … 50 cents up my entry…. Unbelieveable, incredible, crazy, insane

 

Can’t believe ALL, the loss, the 7% profit didn’t take for the umpteenth time, the incredibile bad time I exit the position with a MKT order… Unbelieveable, incredible, insane

 

Also take an uncomfortable position… The fact is that I was sure the price could continue spiking

 

Trade type: F

 

 

 

 

 

 

 

A021 Bad bad trade also this one. Small position. Revenge trade. Always same error: cut losses just in the exact moment the price goes up and take loss instead of doing        $0.2/share… If u have to cut losses cut them out immediately, or wait the price hits your safe planned exit price… DO ALWAYS A PLAN BEFORE RISKING YOUR MONEY

 

Entry comments: revenge, bad thing, but I was right on the last trade (A020), so let the price going.

 

Exit comments: cut losses quickly, the price doesn’t hit nhod. (It did it just 2 minutes after I cut the position…)

 

When I cut losses without a plan, I always wait the price to go a little up. The problem is that if I don’t cut quickly, the price could go down, if I cut losses in the way I’m doing, I always cut them before the position go green… So unnecessary losses. If I’m doing a strategy with a certain parameters, I must respect it, I have no choice but trust to it. 

Very important thought.

 

Trade type: E

 

 

 

 

 

 

 

A022 With one profitable trade I’m up, despite the two losses of today (cut losses quickly today helps me, strange) I believe in this pattern even if I am not a good trader nowadays.

Always close position too soon, but in some case the only things you want is to finish the day green…

 

Entry comments: At the third attemp I finally planned the trade. I also write in a peace of paper the entry price, and the two exit ones.

 

Exit comments: Target price was $7.4-7.5, but I can’t mentally stay longer in this position. Just want to take my green day. So exit the position before the price hit the goal.

 

Mentally ill my dear… Must work on this aspect… take comfortable size, do whatever u want, but please, do all u need to improve in this aspect… Please!

 

Good aspect: take the exact bottom (it’s very useful for my mentality right now)

 

Bad aspect: take profit too soon

 

Today left $150+ on the table, 16%, wow

 

Trade type: E+

 

 

 

 

 

 

 

 

P.S. Today I just created this good good tool, that I’m going to use everytime before opening a position: for me is very useful, maybe you must try to do one from your own (with your personal strategy features).