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I saw the momentum from yesterday and I anticipated a spike. My plan was to short off of the morning spike. That was a good plan but I got in WAYY too early. I should've waited until some sideways price action and a change in trend. Understanding the stock could have 2 legs in it. On the flip end, I have to do better with cutting losses. My losses are too high only because of a lack of discipline on my part.

Nice scalp/dip buy out the gate. I saw the stock had already went up in pre-markets and understood that I was going to have to get in and get out pretty quickly. Stock had news so I knew it was going to have a pop regardless of the over-extension but ultimately it was going down. Good entry and good exit. Good trade to get back on the right track after that tough loss.

This stock dipped out the gate, and had decent news and volume but by the time I had got in, it already had two legs up and then I didnt wait for the stock to change trend. My frequency was off this morning and therefore my discipline was piss poor. I didnt cut losses where I told myself I should have. All my gains from winning trades wiped away in one trade. CUT LOSSES. CUT LOSSES. CUT LOSSES. Get some sleep, meditate. Bounce Back
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