NKLA Trade on Dec 23, 2021 09:49 from motqns88: Tradervue User Stock Trades.

I entered on what I perceived as a breakout after a Doji candle, but it failed and sold off. I bag held, when I should've stopped out right below the Doji which would've been considered a good trade due to Risk of approx. $0.05. I had no Exit plan and was hoping in this trade which affected my psychology. I had no control of this trade as my risk went out the window. I'm wondering if this is the effects of being under PDT and just wanting to profit and not lose to make the best of every trade. Fortunately for me the stock went back in my favor after holding levels and made new highs. I took profit quickly for just wanting to be out of the trade. This is an example of how profiting after breaking rules can wire my brain into believing this is ok in trading. The day that the stock doesn't return in my favor will be the day I am left frustrated w. a HUGE loss. Anyway, the news was BULLISH and looking for long entry points and BULLISH patterns would've been ideal along w. Level II/tape conformation. Nikola broke news that they made their first EV Semitruck delivery w. more deliveries to come waaaay before the market opened which would've given me enough time to prepare. Key: Come prepared! Manage Risk!