Very dissapointed with this trade, I was busy and wasn't prepared for today, I was too late in entering and was way undersized, could have easily been a 2R trade, instead I tried to force it. When it started bouncing I tried to make up for the mistakes, I was impatient, rushed and not trading my plan. I didn't have much confidence after it had it's first morning move and just threaded water throughout the entire trade.
ROOT was a bit illiquid, it quickly pulled at the open and I was trying to take a small piece off but it bounced just above my cover spot. it's up because it had good earnings and that was a sign for me to avoid, I took it because the chart was clean and even though I wasn't thinking it would die, I thought it could still potentially pullback $3-4
MNPR was very choppy, I knew that going in, so I tried taking a wide risk, however I sized in too early, took a 1R loss in the morning and waited to see if it gives me another opportunity, unfortunately on the 2nd trade I was too slow to add size and I had only a small piece, it did bounce but I didn't manage to add size. It had a nice crack but unfortunately no follow through. Not too happy with my last cover, it was a bit random.
I did have some FOMO this week, after seeing some "B" grade setups working perfectly, VTYX was maybe a "C" grade setup, and tried to size smaller. First loss was acceptable, it was small, but on the 2nd one I chased it, I immediately knew I made a mistake but I was still sized in correctly, eventually I added when it looked like it was working, but it clearly wasn't heavy, I tried sticking to my plan rather than randomly exiting, but in the end it didn't work. Took just below 1R loss.
Almost didn't take DTSS because of the very expensive locates, but I missed too many trades and I felt DTSS was a decent pattern with good opportunity. I didn't use full size, had a wide stop at first and tightened it as soon as it started moving in my favour, I did get my covers, I tried to stay patient with my last piece, I tried to cover at 8.70 but pulled my order a couple times to hold until EOD, in hindsight that wasn't the best idea but overall it was still a decent trade.
Been sick since Thursday, now it's Tuesday and slightly better. Being ill made me lose focus, miss chances, and mishandle trades. Missed plays today, HOLO had a perfect opportunity but entered too early, took a 1R loss. Re-entered carefully, managed risk better but got impatient after first cover, I was too focused on PnL instead of important levels, but still closed with nearly 3R gain.
HOLO had a massive 2000%+ in just 2 days, even though it was gapping down 20% it still had plenty of room to fade, I waited for a push in the morning and got a nice entry at $24, but that was with very small size, I missed my add later in the day which frustrated me a little bit, not happy with how I managed it later in the day, I randomly added more size moving my risk tighter, and I got stopped out for B/E, it was a bit stupid.
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