Well here is a good example as to why Sykes always says don't chase a trade.  $VTVT is the ticker I planned to trade today, I placed my S/R levels on the chart and I was planning to place my buy entry at 1.98 before I closed up for the night, but I thought naw I'll have time in the morning to do it.

Well fast forward to today 4/19/2018 at 10:15 eastern-7:15 west coast my time and I take my first look at the market since I don't normally check the market until around 7:30/8:00 west coast time and price had dropped past my support line down to my next support at 1.86 and bounced and was about to blow through my entry point of 1.98, Yikes serious FOMO attack.

Now I have to sign on to my etrade account while watching price bounce around my entry point, now price has moved to 2.00 but I am thinking I can still catch it, nope I kept placing limit orders and price would open above until I made that fatal mistake, just place a market order and get in. 

Yep I got in alright, right at the peak of the spike and you know it, price dropped and bounced around the 2.00 area but has made some recovery up to 2.18 A.H.

Lesson learned, don't chase and don't beat yourself up if you miss a play.  I was frustrated because my plan was good and that's probably the worse part, the hours of watching video lessons, staring at charts on multiple time frames with different indicators, finding and laying out my S/R levels and double checking everything and it ends up all for naught.

So when Sykes says don't chase, don't chase it's not worth it.  Move onto the next play and keep studying and learning.

I have to run my scans and get back to work looking for the next play.