cutting losses since I didn't follow rule 1 and got out before morning dip.
cutting losses since I didn't follow rule 1 and got out before morning dip.
Small position, expecting a bounce. Cut losses, should have cut the loss sooner to minimize the percentage loss and stay disciplined.
Gap and Crap. Good entry near high volume premarket resistance. Poor patience. Fear of losing profits. Good R/R.
At 8:11 it was looks like a rebound for a morning spike. Has news, but all heat gone... Number #5 did not work . give stock a little time then exit.
Second trade mid-channel. Still wrong. If you want to be risky, buy when at bottom of channel, or breakout over resistance. But not here.
Trading mid-range in a channeling stock is not a good idea. Fortunately, I'm getting much better at mitigating losses when wrong, or even dead wrong.
Another poorly managed trade by me. I changed the settings and tried to let this run, but screwed up the exit giving back a big chunk of the days profits.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
