Friday, July 22, 2016

7/22_GBR, KONE, TCCO, SMIT_Another ridiculous day!

No matter how hard I tried, I just couldn't get my habit corrected. I still entered the position wayyyyy tooooo early even that subconsciously I know that we are in crazy small cap low float flying market I still entered the position tooo early. Can't help it. But I think it's not just me, MR, Tim Grittani had the same issue. It takes lots of efforts and conscious awareness and discipline to fix it. Starting next week, I would rather miss the trade!!!!! And I am going to size down BIG!!! Until have got my issue fixed.


















Clearly danger sign was there when it was gearing above VWAP and testing HOD, it's definitely not a short!!!!!!! It's a fucking long!!!!!!!! I was unfortunately subject to "position bias", instead of cutting entire position off I emotionally added to the losing position trying to make it work and this is the price I paid. Fully deserve it!!





















I was fighting on the front side for no real reason whatsoever. This is the market that you don't want to be a hero. Stop trying to call the top!!!!!! ONLY wait for a lvl get tested, retested, stuffed then restuffed before entry!!!! There is no point guesstimate where the top is.
However I did do the right thing covering everything and flipped long before the secondary spike took off. That was the only silver lining trading this ticker. The rest of day it got choppy, stuffing and absorbing at the same time so I avoided it the rest of day. Tough one.

















Ended up making $8k on this trade but MAN!!!! at the peak I was down $5K!!!! it's totally not worth the frustration, emotional swing to make that money. RR stinks!!!!!!!!!
Same mistake over and over again!!!!!! Short toooo early toooo big!!!!!! No matter how many times I told myself to exercise patience and wait for valid resistance lvl to short but I just couldn't do it!!!!!
















Same mistake as TCCO. Just pure emotional and feeling ss with no plan!!!! Man I really costed big on my account. Same mistake 3 times in 1 day!!!!!! What the FUCK!!!

















This is the ONLY good trade I made in terms risk vs reward. Good entry, good exit!!! A tough one but I played it well.

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