UBER Trade on Jun 30, 2022 09:53 from HelloMrMotto: Tradervue User Stock Trades.

Intraday

SPY continued to drop premarket slowly grinding down. Sell off right in the morning bell and then a reversal about 30 minutes after opening.

Why did you take the trade?

I wanted to catch the wave on the slide of the morning market sell-off.

How did the trade go?

Profits presented themselves to me quickly and I did not scalp the profits as I should have. I got into scarcity mode with the PDT rule and wanted to become greedy and not take the $400 plus in profits. Instead, my greed got the best of me and I took a 2.1k loss.

What is crazy is that I didn't want to use my day trade and I got what I wanted because I bought it back in stock the next day. So being greedy, and scarcity thinking helps me lose even more money. I should have cut it the following day. knowing that a $300 loss is better than a $600 loss. A $600 loss is better than a -$1200 loss and a -$1200 loss is better than a $2000 loss!

What can you do better in the future?

• Take profits immeditally

• Cut losses quickly

• Not have scarcity thinking

• Better entry

What did you do great?

Cut losses at 2k when I knew naturally I would have held this thing for a few days until it went down but I know that this stock has the potential to rally.

Grade: F

Why that grade?

• Didn't take profits when they presented themselves

• Got greedy

• Cut losses to late