I could quote the number of people who told me not to dip buy this stock. They are traders that I am learning alongside, and of whom I appreciate their input and feedback. I got stubborn on this ticker, and I forced myself to believe, and looked for examples to prove my point. ignoring all the signs that championed being cautions, and that this wasn't really the framework #4 cliff dive into #5 bounce. Anyways. I took the trade this morning when the stock gapped up p/m. I was right then, because it did go up, it went up from 5.5 to 7. But I wanted more. I wanted it to go to $30... That kind of mindset, where I think I have found the one that is going to solve all of my problems is the mindset that is going to blow up my account. Even when the trade broke my risk, multiple times, I didn't get out. I held and hoped. I heard teh chorus in my head of everyone saying. You were right. we should have listened to you. I am a newbie. I am a nobody. I am not special. Trade recap in the video.
Categories
Price Action: Buying Dips/Panics
Tickers
TNAV
Received 1 Karma
Don't be so hard on yourself .. this is how we learn .. as newbies - 4 years and less - we need market immersion, charts till our eyes bleed with selective trades of one niche you decide is your edge. If you are in premarket exit PM with your win. Market open until the 9:45 a.m. EST window is too unpredictable to carry a consistent PM win into the open. You have great skills and can get this .. time with your eyes on the charts and market .. as it changes before us daily. Nice job on the vid
I enjoyed your analysis - thank you.
thanks for the positive words . I'm taking this loss, with the rest of the losses I have taken. Just trying to bash it into my head, that If I want to become a consistent trader, then I need to think Like a consistent trader. I need to be okay with taking singles, and letting a stock play out without me. As I did in my video yesterday when I was paper trading. lots to learn. Glad I have the video to look back on.
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