This morning I was doing all kinds of crazy stuff... started in FEMY, made a little, moved to ICU. Lost. Came back to FEMY. FOMO chasing is real for me. Undisciplined! I Disregarded all logic when I saw FEMY running. Didn’t stick to my planned position sizing Of 5. I shouldn’t have gone bigger until I knew what I was doing. But I was ok with the risk of increased size - Or so I thought. If I really was ok with the increased risk, I would’ve walked away when I was wrong and lost. Was attempting to test scaling out on the up. The only consistency I had was cutting losses quickly - At VWAP
$FEMY Trades:
- in @ 1.81 / 7:07am out @ 1.85 / 7:09am Position Size : 5
- in @ 2.15 / 9:31am (+25) out @ 2.18 / 9:38am (-15) out @ 2.15 / 9:41am (-10) Total Position Size : 25
-in @ 2.52 / 9:52am out @ 2.27 / 10:13am Position Size : 25 {This is the trade that I really screwed up on. I bought at .02 under the new HOD at the time. Chasing. I did not wait for the pullback after seeing it momentarily stop there} - dumb. But cut losses TOO quickly - before it got to the VWAP. Should’ve waited a bit longer to see how the consolidation would work out but I got scared and got out when I saw the volume increasing, Level 2 showing more sellers and price dropping quicker.
- in @ 2.47 / 10:40am out @ 2.66 / 10:44am Position Size : 15 {This was where I should’ve gotten in at instead of the previous trade. Got out without being greedy. I was already back up .19 and I didn’t want to lose it again. Impatient. But I believe that was smart and I’m not unhappy with taking back a little of what I lost}
- in @ 2.83 / 10:55am (+15) added @ 2.97 / 11:02am (+5) out @ 3.045 / 11:03am (-20) Total Position Size : 20 {I was right. But I knew I should’ve stopped because this was revenge. On top of revenge, I was chasing again}
PM $ICU Trade:
- in @ .4216 / 8:33am out @ .31 / 8:48am Position Size : 25
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