-tough way to make money this way. shorted 2600 shares @ IB with avg. $3.91 due to FOMO and overconfidence & conviction
-At peak on IB I was down $1.5k. The ridiculous thing was I knew it would probably go to $4.50(resistance on daily chart) but I still sized in way toooooooo early and risking big.
-Rule: NEVER EVER short into morning weakness!!!!!!!!!! because risk-reward stinks. Rather miss a trade than risk squeezing!
-the "KEY" to short parabolic is to determine whether the resistance is valid or not! remember: you trade objectively, you don't trade based on anticipation!
-Even after yesterday's ANFI mistake, I still haven't learned my lesson....pathetic....
No comments:
Post a Comment