Shared by
gb_trades
Green but I broke all my rules. An example of what I'm trying NOT to do.
I jumped on SOPA at the pre-market opening and couldn't respect my mental stop. I averaged down, got lucky and sold the position in the green. Then I watch it surged and got fomo, I took the worst entry ever only to see it decline. My position was way too large to accept the loss and I averaged down again. Sold as soon as I could for a profit. The third trade is legit, I bought a confirmed breakout and sold it on the next candle right under the rejection.
Overall, it's a very bad risk management and I can't allow me to break my rules. Got lucky on this one but I know how it ends.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-08 04:02:36 | SOPA | buy | $5.480 | long |
| 2022-02-08 04:02:47 | SOPA | buy | $5.400 | long |
| 2022-02-08 04:05:10 | SOPA | buy | $5.350 | long |
| 2022-02-08 04:07:11 | SOPA | sell | $5.800 | 0 |
| 2022-02-08 04:10:03 | SOPA | buy | $6.230 | long |
| 2022-02-08 09:47:03 | SOPA | buy | $4.840 | long |
| 2022-02-08 09:47:06 | SOPA | buy | $4.880 | long |
| 2022-02-08 09:47:09 | SOPA | buy | $4.890 | long |
| 2022-02-08 09:47:12 | SOPA | buy | $4.930 | long |
| 2022-02-08 09:47:14 | SOPA | buy | $4.930 | long |
| 2022-02-08 10:00:10 | SOPA | sell | $5.600 | long |
| 2022-02-08 10:05:38 | SOPA | sell | $5.410 | 0 |
| 2022-02-08 10:41:20 | SOPA | buy | $5.110 | long |
| 2022-02-08 10:42:15 | SOPA | sell | $5.310 | 0 |
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