Shared by
andresadr94
Good
- I took the loosing trade and I stopped trading for the day
- I was not as emotional during the trade
Not good
- Some hours have gone past and now I realized that I took the postion because of FOMO
- Same mistake as last week, did not wait for the candle stick to close above the EMA.
- I plean to cut losses sooner than I actaully did, I did not follow the training plan.
What needs to be improved
- Identifie when I have FOMO.
- Follow the strategy that I have been visualizing for the entire fucking weekend.
Notes
- AMD gapped up in premarket hours and started selling off right at the bell, It was selling off very agressively so I thought that it was going to reverse sooner than later (it actually happened but minutes later) We found Support and aroun $115, the price started tranding up and I bought the candlestick that I thought was going to close above the 9 EMA. Well, it did not close and I did not get out of the postion soon enought.
Very frustrated as I did not execute my trading plan, did not follow any of my strategies and committed the same mistake as last Tuesday.
Rule
If I'm down 0.05% of my portfoltio in the day. I must stop trading.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-15 09:37:04 | AMD | buy | $116.580 | long |
| 2022-02-15 09:40:53 | AMD | sell | $114.970 | 0 |
Comments
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I understand the FOMO aspect affecting trades. I also hold on too long to trades that should be scalp or momo styled. Hope that you are learning as I am and trade better the next day. Cheers!