I was looking for a Morning Panic here but I definitely got in too soon due to FOMO. I wanted to get in at a good price and I liked where my stop loss would be at if I got in sooner. I should have waited for:
- A bigger dip %. This did not panic much at all
- More buying volume at the turn.
- More room for the bounce. My theory is that the bounce typically goes up 50% and I want more room for profit than this offered.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-23 10:24:41 | YVR | buy | $6.150 | long |
2021-03-23 10:31:29 | YVR | sell | $5.960 | 0 |
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