I decided this was going to be my last trade for today, after i forced this trade again and got in also because of FOMO. It was clear that this day i wasn't in the right mindset or something else, in order to trade properly. I hate walking away, i really do, and it's also really difficult for me to just take and go, because i fell like i have no purpose and i'm just wasting opportunity's.
This trade is really bad.. I forced my entry i didn't analyze properly ecc... Basically the same stuff as in the last trade.
I wasn't prepared for this trade at all. I just punch the keys on my keyboard to get in and didn't think about anything else. I waited and watch for 3h this stock... I lost so much time and energy on this stupid trade....RIP
Well i didn't work hard, i just summarized what i just happened, watched the 5 min chart very superficially, convinced my self that it was going up and there you have it.
In the middle of the trade i started noticing a pattern and i think that was the only factor that kept me into this bad trade.
Well i was super patient to let it go against me that is for sure and also to get to my exit. Let's just say that this type of patience i rather use it to make some other more useful things then watching this shity trade. If i had the right entry and execution the i can wait even for 10h i don't mind, but when i just force my self into a bad position and don't get out well that is just bad trading and being stubborn.
Basically no plan, it was full anger and revenge.
NON
NON
In this trade i let my emotions manage my position, and that is really bad. I have to analyze why yesterday i was so stubborn to not cut my position and also so unfocused and superficial. I really like trading but when i have this type of days i rather do something else even if i know i='m wasting my time and opportunity.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-05 10:37:55 | TGT | buy | $75.790 | long |
2019-03-05 13:00:07 | TGT | sell | $76.480 | 0 |
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