Last Friday was a great trading day for me. I followed my plan and had my shorts ready on two stocks on my watchlist (PHMD, PRZM). I didn't have shares ready for IRG. I should have, as this stock declined more than 10%. I thought it would go higher. It didn't. Previously, it had its first green day in months.
NEXT MONDAY GOALS:
So for next time (Monday), I will have my shorts ready for every stock on my watchlist. I will also try to record the Level 2, so I can see if there are any clues that I missed. I will have to do a screen capture. I have the software for it.
I will also try to follow the charts more. I sold PRZM too early. If I had listened to the chart, then I would have doubled my gains. To do this, I will hide the P/L column in my trading platform. It's scary to do that, but I will try it and see what happens. Watching the P/L column causes a lot of anxiety and it distracts me from following the chart as I should.
I won't re-short yet on the bounces. I know that I can do that at this point, but I want to achieve my other goals first: Improved Level 2 knowledge and following the chart.
Let me know how you do with hiding P/L column. I thought about doing that too help with my anxiety...
@ClaireSky I did it today. It does help but I need to get use to it. I felt anxiety from not knowing the column value.
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