Damn...Well today is the last trading day for my first month of trading. Everything was going beautifully up until today, when I broke lots of rules. All in two trades, all within the first hour of market open.
Learned a nice lesson though. I used to feel forced to make that trade within the first few minutes of market open. It worked well for a lot of my trades, but not these last two that ill post up tomorrow, or maybe ill just verify all my stuff since its been a month.
I made the mistake of trading the ticker even though the setup didn't go exactly my way, I chased when I didn't get executed at my original buying point. I need to be patient and remember there are more stocks to play. I used up my 2 trades that I had left, and both were losers, only later to see an actual PERFECT setup, that did end up going where I thought it would. That taught me to be more patient next time, and stay retired until everything fits perfectly.
My second trade.......a revenge trade......
$GLBS took my money, and I wanted it back :(
I thought that since it dropped so much to a premarket resistance level that it would be the perfect entry I wanted. The charts looked so bad and everything was miles below the VWAP.
This makes me of excited for next week, where I know not to make this same mistake. Its funny how watching Tims videos on what rules not to break, its easy to say, "wow thats so simple, that'll never happen to me" but it happens. Emotions suck!
VSTM took my money yesterday and I wanted to revenge trade it today but I held off because I knew that's what I was doing.....
there is just some tickers you know will tank, like GLBS. such a turd company and without huge amounts of volume will not be able to hold support
GLBS is like DRYS, permashort. be extra careful going long on these
That sucks, Hopefully next week is better for you.
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