Took a gamble on a triangle break here . Was hoping for a nice short squeeze . I just made $500 on my last trade and looked at it as padding . Not a good way to think! I then tried to make it back on my TROV trade where I let a $700. gain fade into a $195. gain after sitting through 30 min of chop.
This trade is a loss ... a loss of self control that placed me in danger of a potential BIG loss. In hindsight I realized my risk was TWO POINTS under where I entered. TERRIBLE trade driven by emotion ,Chased , sat though chop for 30 min and then was undeservingly rewarded with another push higher. I then let a $700 unrealized gain turn into $195 gain because I expected more after a 3 point run . It was a chase,Wrong time of day , terrible risk reward and financially irresponsible of me.
Failed dip buy on a morning panic . I failed to enter as soon as I saw the bid stacking up after the initial panic ...bought the top of the bounce and then held hoping for another bounce to at lest break even . position size was too big for my comfort. And the loss was more than I was willing to take. The take away here is late entry , to big of a position and didn't cut loss quick .