Overstayed, when whole dollar mark failed to crack and stayed below Just get the fuck OUT!!
3 Mistakes:
1) didn't collect morning profit, thought it was LEI but the momentum just failed to sustain
2) did midday shorts and added multiple times anticipating $5 crack but it never happened. It did cracked twice BUT failed to stay below it. I was over-confident on this setup and ended up holding 5367 shares with $5.21 avg and cover all into high $5's area. Stay mistake on SYNC, VRX, NUGT, why do I have to learn the mistake more than many times???!!!!!! Whenever you taking short position remember it has to keep going down!!!!!!! if not meaning it's crowded then get out!!!!! I cared too much about pnl and keep looking at it which influenced by decision. History repeats itself. Trading is not rocky science, just respect the simple price action, don't argue with it, don't even combat with it!!!!! Respect and go along with it!!!!!!!!
3) I did a chasing long anticipating EOD squeeze BUT big dump killed me. Just because it's not short doesn't mean it's a good long!!!!!the risk & reward sucks for my entry!!! I admitted that after taking huge loss of earlier trade my emotions got tighted and wanted to make $$ back. Should have closed trading software earlier and redirect the attention/focus to somewhere else!!!
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