Morning Panic,

Entry: This was a % gainer in PM, up 26%, didnt think it was overextended. Good Covid-19 catalyst. Planning to buy at the support level at 1.75. Tried to be patient but itchy fingers, it is getting better. Traded with smaller position size, incase if I was too impatient (add more later).

Exit: noticed that spike didnt hold, should have gotten out once the spike failed. Smaller position size tricks me into thinking i can hold longer. Cut losses quicker

Improvements:

• Cut losses quicker with small position size

Morning Panic,

Entry: I tried to be patient around the 4.20 level, but i did move up my limit order, filled at 4.24. Continue to drop and I added more at the next resistance level around 4ish. I was looking for a nice 3-5% pop

Exit: I got shaken out too earlier, but I am not upset about this my exit. I was impatient and gotten shaken out, I will learn to be more patient on entries. Also, I sized up to an uncomfortable position size. The spike did happen, I didnt play it well, but I will grow from this trade. Stay peaceful and humble, focus on the process.

Improvements:

• sizing - stick to smaller size until consistent 
• being more paitent on enrty
  • try 1/4 size for intial positions 

FOMO, Random,

Entry: saw that it had 2 green canldes, wanting it to conintue. This was not a setup I was wanting or planning to trade, I got furstrated with my earlier losses and wanted a quick fix

Exit: I was uncomfortable the whole time, this is not something I want or should be trading, made my red day into a bigger one. Should have gotten out for a small profit into that quick pop because I was uncomfortable

 

 

Dip Buy, Morning Panic, Revenge,

Entry: Was looking for a pull back at the open for 3-5%, previous spiker... but spikes dont hold

Exit: Tried to cut losses quickly, should have realized this was up 100% within 6 min, super overextended. Not a good play

2nd Enrty and Exit: this was a revenge trade, I wanted to make my money back

Improvements:

• Focus on Morning Panics or multiday runners
• Dont have to trade every day
• Mindset Mindset Mindset

Morning Panic,

Entry: I had a plan to enter near the PM previous low, I noticed that worked well with other stocks. $UONEK was a copycat play of $UONE, traders were probably excited from yesterday percent gains from $UONE. Little to no over head resistance, but not the best play from morning panic because it hasnt been running for 3+ days, was looking for a 3-5% gain. Started with a small position size and added to it, probably would have been better to be more patient on entry point

Exit: From previous trades, I let the gains turn into losses, dont want to be greedy and got out for a little percent gain. By the looks of the charts probably a good idea, extreme faded off for the rest of the day.

Improvments;

• Patients on enrty
  • start small and add might be a good solution

Red To Green,

Entry: Entered at at my plan, if it DGLY can gor r/g and there was the conference to hype it up. wanting 5-10%

Exit: Got greedy, was looking to "make" back was I lost. Should have taken the nice 5-6% that was shown on the charts

Improvement:

• Mindset
  • play the price action and try not to wring out "all" the prfits

Dip Buy, Morning Panic,

Entry: Some talk about it today because to the conference that might addresss police equipment. I think i got ahead of myself, I had a plan to enter if there was action around 9am PST, but entered at 6:30am. This is a stock that previously spiked and has a "hot" catalyst. Was looking for it to pop 5%

Exit: noticed that the "suppourt level" I bought at was not holding at 5.25, my stop was closing price at 5.15. already made a mistake with entering in not the best stet up. I can look to enter again later

Improvments:

• patience on entry
• watch g/r moved

Morning Panic,

Entry: This was on my watchlist before, the plan was to look for a morning panic if the stock is up pre-market. Today they are launching their kartoon shows on different platforms. I noticed that there wasnt "normal action", lots of large biid orders at random price levels. I pointed out the 4.66 (PM support lvl) level as a support level and had an order of 100 shares. There was a quick drop and it sprung back up, FOMO kicked in and I chased it, 100 shares at 4.87, then i added another share around my intial entry level at around 4.69

Exit: I was planning to hold 50 shares and sell, but from previous stocks, the first spike usually doesnt hold. Sold into the first spike once the ask stacked up.

 

Improvements:

• Patience on entry level, trust the process
• Sizing
  • lucky that this trade wen in my favour

Morning Panic, Over Confident,

Enrty 1: This was the perfect morning panic play I was lookginf for, saw support was forming

Exit 2: I was scared of the bid and sold for a 6% gain and 5%-8% was my goal

Entry 2: Thought it was going to have a seond panic, should have waited for the 420 area.

Entry 3: I did not cut losses quickly and added a postion size intead, broke 2 rules.

Exit 2: Holding and hoping is not a stratgey.

 

Bad habit of over trading a ticker, pure greed. 

Breakout Pull-Back,

Entry: Recognize that there were lost of eyes on the stock, decided to buy into the dip for a 5-8% gain

Exit: got shaken out when the ask stacked up, I missed the potential run I was looking for, broke even with commisions though

Enrty2&3: This was a chase, FOMO, terrible entries, and I had the wrong midset with wanting to make what I lost back. And sized up for no reason

Exit: Ended up hurting me lots, gave back all my gains from last week and Im in the red

Improvments:

• I think I need a break from trading right now
• correct mindset
• Stop chasing
  • I will bleed my account dry
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