A chase, got impulsive and glad I paid the price....got a big pull back. Sold right away by cutting losses quickly. Was suppose to use smaller size, but got FOMO and scared I might miss the spike. Thinking like tht means I am being like a sheep part of the herd, following what the 90% of unsuccessful traders are doing. I knew I was entering where the r/r was bad, but just got impulsive. Was suppose to use 1/4 size because I was entering way too high of the LOD, but FOMO got the best of me. Luckily I used 1/2 size and not full size which made the loss something to deal with. Of course I would have like a smaller loss, but this loss just reinforces the idea to be patient and not chase or get impulsive. Those two things (chasing/impulsiveness) will just lead to preventable loss by just being a little more patient.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-02 09:37:55 | TENX | buy | $2.340 | long |
2020-06-02 09:38:50 | TENX | sell | $2.190 | 0 |
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