Followed into an alert - breaking all the rules. Only good thing was cutting losses quickly. Poor entry chasing a spike. Money wired out of account to take myself under the PDT, I think this is the only way to try and cure my greedy, compulsive, overtrading and get back to basics. Complete reset required.
I HAVE TO HOLD MYSELF ACCOUNTABLE. I was in on this ticker premarket, up $1100 unrealised, had a perfect limit order in for 13.20. Got filled... only to realise my limit had defaulted to 100 shares, so I got smashed with a big loss on the turn. Then the stupid, stubborn, idiotic degenerate in me came out and I ended up trying to fight the ticker. Remember this feeling and learn from it. PS; limit order default now changed to close out 'position size'.
Well, you got super lucky Ed. You took a very stupid speculative pre market trade. Chasing a spike..and getting crushed on the reversal. Good trade getting back in on the spike at market openâ¦ making back $1089 to take yourself back into the green (barely!!). Then a quick 30c scalp. But you could have avoided the pain by not trading that premarket trade.
Multiple plays on this ticker. Was watching premarket and bought on the dip, missed my sell into the spike due to forgetting to tick the premarket box in IB Limit order. Missed a few sells into strength playing with limit ordersâ¦.learning curve. Good dip buys, but watch hanging around at tops/round numbersâ¦ keep close eye on level 1 and 2. Overall good trading, be mindful of revenge trading after the loss in the middle.