-Traded it on someone's idea on Twitter and ended up failure.
-should never buy it when downtrended and anticipated r/g move, the early bagholders will move the price lower and bottomless. Even though SSR is on, it ain't gonna help if bagholders are desperate.
-focus on my niche and avoid everything else!!!!
-first trade was "long" due to the strength and momentum it sustains.
-2nd trade was "short" which was right idea but saw HART and quickly covered and moved to HART
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-very frustrated because apparently the market today is totally different from last week's
-if it was last week, it would squeeze toward HOD but today it was weakening and even dropped below VWAP.
-overtrading sucks!!!
-the condition has changed when it broke down and reclaimed!!!!! Now the chart tells me to buy!! very frustrated, the "timing" is more important that being right or wrong.
Lesson:
-the biggest lesson today is if you don't have "stop loss order" you can blowup, but with "stop loss order", doesn't mean you gonna be right, but you will control the size of the loss! I am proud of my risk management mentality and action today but obviously setting up stop loss order is NOT enough, when you are wrong, you still take the hit. But I will continue keep stop loss on the back of my mind and hard in the system but constantly reassessing the situation, the stop loss is not meant to be waiting to be triggered.
-another mistake today was Over-Trading!! It exhausted my mind and body and detrimental to trades
-today is a good example of typical trading day. there is very few opportunity today, so the best action is doing nothing. Doing nothing is the best thing you can do today!!!
-from tomorrow, will start focusing on what i am good at and ignore everything else: focusing on early emotion trading and late day higher lows gearing up action! that's it! Be Selective!!!!!!!
-will put "risk managment" on top of everything!!!
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