It's hard to say "I love trading" after day like today. Was wrong on everything and took more than 1k loss in the first half hr of trading and couldn't find locates on SPEX. But today is the day that defines you as a trader and person. After went through it, it's fulfilling and makes me stronger than ever!!
Nothing wrong with my plan- shorting risking $30 over/under BUT I broke my rules:1) when $30 reclaimed I failed to use market order to cover after I found extremely difficult to cover using limit order meaning there was just no selling. Could have cut loss earlier but I hesitated. 2)Took a huge position-1000 shares with avg. $29.86 so but my emotion got tightened.
One important thing I overlooked in this case and this is what happened yesterday on CLRB-morning wash to turn on SSR and spike it up. So be very careful shorting SSR, always wait for lower highs with set risk before size in.
I exercised patience and waited till the upward momentum stopped and got into the trade anticipating $30 crack when it was making lower highs and looked like downtrending. Nailed it.
This is the trade that made me ashamed of. After taking $800 loss on SAGE I took an emotional short into the weakness and paid the price. Revenge trade did no good but only compounded mistakes and losses.
My plan was .40 over/under. This thing got 9 lives and didn't workout. higher low so I got out.
Frustrated one. Saw it at 8:30am when it's got bid at $2.20ish and ask at $2.40ish but didn't take any action. Huge spread and I know it was risky approach had I bought it b/c anytime a seller could step in and sell. BUT we are in the market that low price small cap flies!!! so why not long some??!!!
Another emotional long of the day. Didn't give it time to test support. The reason got me in the trade was it was afternoon and it made new high and seems holding above $2.50 so basically I risked $2.50 over/under and when it went below it I was hoping it to reclaim but didn't happen and big resistance at $3.45 so I got out. Lack of patience, emotional action, small loss.
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