-I broke the rules, didn't stick to the plan thus took a massive hit!!
-bagholded through the storm and at the peak I was down nearly $3k.(thank ST for liquidation)
-undisciplined! was planning to risk $7.00(premarket high) or $7.50 level(daily chart resistance)
-Added emotionally into weakness and didn't cut my loss at risk point nor pullback
-was influenced by yesterday's missing trade-SPHS and I remember I told myself to get feet wet just in case it would go straight down that was the source of the problem. Always get out position before opens!
- Biggest mistake: In position TOO BIG & TOO EARLY
-when the premarket and day HIGH was breaking out, there is no POINT be remained short!! Stubborness kills! Had opportunity to cut my loss but I didn't do so.
- threw patience away which is No.1 priority as a short seller!
-didn't display VWAP or I would probably cut my entire position when it holds on first pullback!
-when SSR is on, it's extremely HARD to play the short side!!! you need extra patience!!!!
-subject to "position bias"!!!! ALWAYS get out and reassess!!!!!!!! experience tells me that staying flat allows me to have the best judgment with highest degree of accuracy so why "IN"?? why fight???? let them die!!!! fuck FOMO!!! these people laid concrete foundation to my success!
-Lastly remember: taking loss is part of the game!!! MUST realize it or it gets snowballed!!!!! starting tomorrow I will recite the statement: "taking loss is a must, not an option"!!!
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