(continuation from LFAP trade)
Before leaving on the test drive, I looked back at the historical chart & noticed when it would make a big move, intraday, it would usually dump. My conscience told me to just sell. Have had some financial pressure recently & emotions/greed kicked in. The dump was a clear indication to just cut losses but I started to form confirmation biases. Looking for clues in the chart to give me an indication that it will go up again, sentiment on twitter, PRs, filings, & them looking like they're getting their *ish together, lol. Being stuck in two losing positions & trying to stay patient for an eventual move up. Added to my position as an "avg low" was not the best idea but I feel all this was necessary to get off my chest. I feel like most traders need to get this kinda junk mentality out of their system no matter how disciplined they may be or feel that they are b/c I’m sure this kinda thinking eventually comes or comes back. Especially when you get closer to six figures, passing that milestone, or almost hitting that million mark. As the PR’s didn’t seem to do much for this ticker, the belief that adding big names into the board wasn’t going to be enough anymore. Everyone that feels invested or looking to ride that PT has just about added & positioned themselves all that they can. This ticker needs new blood: day traders, the chasers, more short sellers, the swingers, the one and done kinda people. If no $ is coming into company, then that isn’t gonna happen. This ticker seems capped out dollar wise from “investors.” Whether it runs tomorrow, next week, next month, next few months to newer highs, I feel like I don’t want to be part of that. It will only teach me bad habits that I don’t want to form & continue to hold further down a road of possible wealth & success. So I exited on a nice little run trading & a possible reversal on $ I had initially planned to use as education. It was fun to think about just growing from my initial $1300 deposit into Etrade. As of now, I’m below $300 again. Will look to add once I get my finances sorted. I do have a short account looking to use very soon as my discipline & skills are looking very promising there but I don’t want to be a one-way trader. For now, I’ll look to continue to study the markets & test out the patterns I’ve been observing & learning of.
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