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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 .
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