XELA Trade on Apr 30, 2020 09:51 from _cup0fjoe: Tradervue User Stock Trades.

Arrived late to the market due to having an appt in the morning. I didn't make my pm watchlist so knew that I needed to do my DD and only trade if the setup is there. Not force anything. I saw $XELA as the biggest gainer and remembering CAPR move from yesterday as well CREX thought this could run another 200. I did horrible in this trade. I chased as I kept adjusting my order higher. Also I did not cut losses quickly which is bad from my part. The news was even 50/50 because COVID-19 wasn't in the headlines. I write to myself on all my losses, I will stick to only the setups I know, but somehow I find myself trading unnecessarily. Soooo many losses, small and big, in April could have been avoided. I need to come May with a fresh start and realize that I need to take chance and opportunity when it's there and not become to bias when the trade starts to go against me. I notice that I start to become super bias in my head when I start to see the trade go against me. And when my risk lvl is breached I overstay hoping for my thesis to prove itself when I should be focusing on price action.

[HINDSIGHT]5/20/20: Relooking over the intraday chart at noticed that I was chasing. It is clear when you look at the entire intraday chart, but when you cut off the chart post 9:51 it doesn't seem that apparent. But with all the price action I have seen I am learning to not chase. Buying after 8 green candles is a chase. Even if it goes up another 8 green candles, I shouldn't feel FOMO because in the long run chasing will just ruin your r/r and you'll end up losing more than you win.