Had a worst trading day. Break many of the 25 rules. Greedy and let the trade go red from green. Cut profit too early after TL breakout of BRB. this is bcz earlier take profit too late and ended red. Worst is recklessly entered despite swing conflicting signal.
Had a loss around 500$. Starting is already biased and hoped for a squeeze to 980$. Holded losers when I should cut quick.
Detailed info entry and exit.
Had a good day today. 100% win rate. If not due to stupid Tiger broker. Would have made more money. Most importantly, followed rule. No FOMO. Executed well. Missed out 10x opportunity again as sleep early and price hit all targets set previously.
White line entries and green exits. 05/08/2022 trade recap.
After few rounds of failed short of AMD and NVDA during opening session, caught big flush of $NFLX and $TSLA. Lesson learnt: (1)Was biased in the beginning due to bad news of $ NVDA. (2)Changed plan to look at nvda instead of original plan of $NFLX.
Things did well: mindset adjusted later on. After seeing clear down trend , put NFLX at correct time and hold through big elephant bars, not shake out in the process by wick and short pull back.
Peaceful day. Shorted $LCID after daily level breakdown( the put target level as missed the 1 min ORB, hesitated not able to catch)). Sizes too small and exited too early( did not wait until 2nd put target level hit). Too tired and slept after $LCID trade. Should have waited
Messed up again. Strong biased in the opening period of $TSLA long. (1) Entered call when it crossed VWAP. turned out to be rejected by VWAP. (2) Entered again on VWAP attempt with bigger size( πviolent rule), turned out to be Reid red again.
Hesitation and Poor interface of Webull( should have entered market order instead of limited order), stopped me from enter short right at the beginning of 2nd leg flush , although identified with conviction with trendline drew crystal clear. Later on traded QQQ/RBLX short succed
Loss 420$ by the way. The lessons? (1) donβt be biased(2) donβt hope, cut loss happily. (3) prepare two sides of entry, 1 short on computer,1 long and handphone. Switch using fingers on HP is too clumsy. One good area did well, probably, did not go reckless.
Overall satisfied with execution. 7/10 wins. Disney. handled well. Did not chase the initial drop. Catched the rebound. Sold at almost HOD. Catches drop 2 times also. Catch NFLX drop. Failed at MSFT long 2 times later on and stopped loss promptly. Msft double bottom find.
Lesson learnt? Should trade shares so that can set trailing stop loss by reaping the full run. Donβt be stubborn when see price stalls and bounce at resistance still hold( the last failed NFLX trade turned green to red).
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