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. 

Over Confident,

Entry: There was another intraday breakout, this was not ideal though because after consolidation that was a drop --> in the moment i thought this was a dip buy

Exit: Didnt cut loses quickly because I was green on this trade earlier

Improvements:

• Stop trading the same ticker after a win

Over Confident,

Entry: Didnt have a plan, assumed that the 2.33 resistance will hold. This is similar to the $PHIO second trade. Bad bad bad over confident and was not planned out.

Exit: I remebered the $PHIO trade and wanted to cut losses quicker this time. and got out at a manageable losses according to my account

Improvements:

• ALWAYS have plan
• Second trade seems to not workout for me, profit and dip. Right now do not enter the same ticker twice in a day, control FOMO and greed

 

Over Confident,

Entry: Got greedy, wanted to double up position size and make the same previous trade. Excepting 5.47 to hold as resistance. I wasn't following a pattern

Exit: Waited way too long to cut losses, I was not prepared and miss the spike that I should have gotten out on, there was 5 min where I was still green on my position. 

 

Improvements: 

• Holding and hoping is not a stratgey
• Dont scale up until ready
• cut losses quickly
• dont expect the stock to recover
• I WILL LEARN FROM THIS TO NOT GET GREEDY AND CUT LOSESS QUICKLY
• make sure you are playing a pattern