-so what exactly was the problem??? I over-analyzed it. this is my thinking: the stock is up 300% premarket and everyone is going to short it without doubt logically speaking. That's the main reason kept me away from shorting it. RULE: always short into it and reassess it afterwards. if you don't short now, such great opportunity will be gone! always always always short risking HOD!!
-did 3 scalping shorts in midday. ended up breakeven so what's the point???
-today is definitely WTF kind of day. I've been waiting for such play for a long time but when it comes I always screw up. I still kept AQXP and ITEK on the back of my mind and thought it may come back and in fact I HOPED it would come back. Remember the MKT do NOT give a shit about you! simplicity works. see a trade, take it! nail it or bail it, move on! cowardly trading don't work here!! you got have the ball to take it! part of the reason I was so scared to trade was because of my past losses. conquer it, stand the fuck up and fight!!
LESSON:
-at the end I was forcing a trade that wasn't there!
-Turned a bad day into a worse day due to my emotion imbalance, greed and ignorance of chart
-by mid day I was up $200 net but pissed because missed the short in the morning so technically what I did could be counted as revenge trade
-Gave too much weight on EOD spike and thought it could really run given the nasty and resistance everywhere chart but I compared it with CLTX in which case momentum carried forward
-ignored the price action and lvl 2 big seller! it's funny that if I was not long I might look to short this late day "fallen star" setup and even more ridiculous thing was I saw this big ass seller on lvl 2 that couldn't be taken out but still refused to sell. WTF!!!! WTF!!!! being undisciplined and got fucked up. #Should refuse to long "ABCD" setup UNLESS with attainable HOD in this case the resistance is everywhere!!!!! why the fuck did I long given 1) resistance everywhere and 2)big seller on lvl 2??!!
#consistency!
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