Shared by
jtaft0
I took this trade once it broke the Ascending resistance line to the upside. This looked to have room up to 8.18. With this being the leading gapper of the morning and the fact that it had some good news, I thought this would run. I was also looking to the left on this and it had the potential to move higher.
My mistake on this one was not cutting it loose sooner. I held this thinking it was going to bounce and it only faded. This is my weakness at the moment, being a BAG HOLDER, today I paid for it!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-21 09:30:11 | EYEG | buy | $8.020 | long |
| 2020-12-21 09:30:30 | EYEG | sell | $7.551 | 0 |
| 2020-12-21 09:33:01 | EYEG | buy | $7.220 | long |
| 2020-12-21 09:34:00 | EYEG | sell | $7.289 | 0 |
| 2020-12-21 09:41:42 | EYEG | buy | $7.744 | long |
| 2020-12-21 11:03:19 | EYEG | sell | $6.100 | 0 |
Comments
RobertNoer
i hear you brother. i find myself cutting my winners early and letting losers run also. i try and make these type of situations a learning experience but i only remember it for about a month and them i'm right back with the same bad habits. better luck in the future.
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I also took this trade with hopes of an upside break. I actually hit trgt for a profit on my initial trade taking the $7.22-$7.33 support ... then, despite an unfavorable moving average set up. I took another shot at this support only to realize it would not hold. I cut ties quickly because it ate all the profit i made so i tried to break even .... My error was FOMO after a gain. WIPE OUT!! lol .. but not so bad... gained like $35 .. walked out with $-13.50.