Premarket plan: As my first trade fails, I'll wait to take my second entry at the next $0.50 level, with a stop-loss of $0.15 cents, and a take profit of $0.50 cents.
Entry level: $149.30 (Bad entry)
Stop-loss: PML level -$149.13-
Take profit level: $150.00 (Non-taken)
Second entry: Non-taken.
Plan respected? No.
What did I do different from my premarket plan? Took an entry where it wasn't intended or planned to be taken.
If I did not followed my plan, what could've or should've I done differently? On this trade? Not take this trade.
Comments: I played this second trade emotionally with FOMO. Didn't wait for any confirmation, this is one of my biggest issues since day one. This could be one of those emotions that keeps me from being profitable. I need to be more aware of this at the moment of trading.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-22 09:31:07 | AAPL | buy | $2.080 | long |
2021-10-22 09:31:20 | AAPL | sell | $2.020 | 0 |
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