Biggest loss Ive had this last 30 days..... and was soooo stupid. I saw what I thought was a P/M Breakout....its was a b/o-fakeout. Worse.... I decided to hold for the open when it became clear that hit was weakening in premarket.. I waited too long and made it worse by selling in parts instead f taking my lumps earlier as I was taught.-so embarrassing to lose one like this.- messed up my month. Granted it wasn't a lot of money but stupid is stupid. This was stupid. Ugh.
I had a great plan and a great set up for a bounce short on this one but I didn't execute it well. As it fell fast I was looking to short the bounce at 4.40 but I got impatient and entered at 4.00. It went to 4.40 like I originally thought and then came down to the 3.90 where I covered and wasted a day trade to basically break even. Terribly executed trade for me on a perfect A+ set up.
had a gap up, didn't continue to go up and went red while volume faded, shorted at 4.36 as it started to slide down, almost got scared out of it as it tried to come back and test 4.36, but couldn't break it then it slid down. Exit at 3.91 because I was happy with the win and knew it was within potential resistance.