entered super early anticipating momo. Again I was daydreaming of the huge rewards without taking into account the other factors. One of them being that CYCC lost almost all its pm gains as it approached the opening hr. When it it opened the stock was up only 10% and also the warrants at 5 is what caused that downward selling pressure. As I type this CYCC just hit a NLOD of 4.30 so content that I took the loss where I did, but also disappointed in my trading. I know for sure if I check the similarities in all my big losses, they have all been due to entering on momo(chasing). Trading experience is teaching me that I shouldn't have FOMO as getting in on a dip will help you stay more patient.
HINDSIGHT 5/16/20: CHASING
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-13 09:32:34 | CYCC | buy | $4.830 | long |
2020-05-13 09:33:42 | CYCC | buy | $4.720 | long |
2020-05-13 09:36:21 | CYCC | sell | $4.530 | long |
2020-05-13 09:39:46 | CYCC | sell | $4.450 | 0 |
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