easy trade, 0 headache.
Here comes the biggest mistake of the day: I had decent short near HOD BUT when no selling existed I didn't cover in time!! Volume was small so there is no point shorting in the first place!!! I had 7k shares!!! Shorting isn't the problem!! There problem was when there was no sellers I refused to cover. I even saw 50k asks at $3.47!!! Should have used market order to take it out!!! at the peak I was down near 5 figure!!!
frustration continued..I thought it would slowly bleed down to where it came from but nope... it didn't make new low since $3.42!!! Glad I covered 4k shares at that lvl!!!
Here is the main mistake:
sized in too early!!! didn't wait for 2pm..due to FOMO!!
Aimed for EOD snap like DRAM did yesterday but nope....bids held!!
But the main problem comes from morning undisciplined trade!!! Had I covered when I saw danger sign this one would easily be 5-figure trade!!!!!!!!!! One little, careless, reckless mistake ruined big once in a life time opportunity!!!!
Remember one thing!!! and this one thing not only help keep you away from trouble but also allow you bank huge!!!!!!!!: "when setup diverges from plan/expectation in terms of price and mostly volume and time, get OUT!!!!!! RUN!!! DON'T WALK!"!!!
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