PINS Trade on Aug 7, 2020 11:43 from TheScalpman: Tradervue User Stock Trades.

I could gloss over this trade and make it look better.
for starters its kind of 3 trades and i took it on 2 separate brokers but i will feel alot more pain and learn more for a big loss that 6 smaller ones.

The issue with PINS was FB...... yesterday
so i made a balls of FB yd. i was long for the BO and got stopped out a few times only to watch it pump all day long.

I really do struggle with recency bias, its something i need to work on.

So PINS was very close to ATHs and i was watching it.
I really was thinking this is definitely going to break out to new highs.
i had a few opportunities to get into it in the morning but i missed a good entry every time and i didnt want to chase it......

FB pumped all morning and i missed it again, then FB gave me an opportunity to get in for a quick scalp on the pullback to the 200ma. but i hesitate and dont take it.
obviously it goes up $2, so im pretty frustrated at this stage

then im looking at PIN and TBF it was holding up well when a lot of stuff was selling off

but i dont enter on the small pennant im looking at. then it BOs and pumps and i get annoyed so i FOMO in, chasing the green candle.... like a rookie. because i lost with tight stops on FB, YD i give this a bit of room. in hindsight way too much room and it stopped me out.
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this trade was bad but I could have lived with it. i was down 400, if id traded with a tight stop it could have been 100 or 200 max.

but im just very annoyed at this stage.
so then PINS has a big sell off and i feel ive no choice but to renter. Cos im thinking its going back up, I cant miss it....

and i lose and then i try again and i lose.

these were stupid trade.
if i had of just let it go, and took a step back id have released that the market was weak.
on Thursday when FB pumped all day everything was strong
but i never noticed how weak everything was until it was too late.

i missed so many go opportunities by wasting my time on revenge trading this