Took another trade on this into power hr and cut losses when my risk lvl (2.70) was broken. I can feel the selling pressure was coming because on the level 2 there was a bunch of size for 2.80 and many orders were going thru the t&s, but it wasn't breaking over 2.80. I have noticed I get caught so much in my head of the potential profit that I don't even want to consider exiting for a breakeven despite the chart, price action, level 2, and t&s telling me there's a good chance it may go down.
I am also noticing that I can't keep using the same size on different trades because then it means I am just going to stay stagnant. In hindsight I should have just closed my laptop after my morning trade, but the sector momo on body cams got me hooked. I will need to learn to be a bit more aggressive on the set-ups I have lots of conviction which will mean a bigger risk, but bigger reward as well. And on the set-ups I am iffy like this CETX into power hr using small size and test the waters.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-01 15:21:59 | CETX | buy | $2.790 | long |
2020-06-01 15:29:06 | CETX | sell | $2.720 | 0 |
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I totally feel you man... it's hard not to. Have to train yourself to not overthink and always be prepared to leave profit on the table they don't all have to b home runs... just more winners than losers.