Wednesday, February 6, 2019
2/6_CGC, MGNX_BLOWUP day
Haven't taken such big loss in a while. Got no one but myself to blame to. I was influenced a lot by the phase 3 news, Nate's comment, AT09's comment, premarket volatility and liquidity..all of these factors form a strong long bias towards it. I attempted several times all didn't work. In the back of my mind I was always thinking maybe analyst upgrade, maybe big player accumulating, maybe maybe...etc. WRONG!!!! As of result I turned $10k loss into $30k. Last dip buy followed by big red candle added $20k loss to the existing. Why the heck I stayed sooooo biased??!!! The stock stays under VWAP the entire times!!!! why do you think it could run??!!!! wait for the confirmation before the decision!!!! this is the chart and setup I used to make a lot $$$ from. taking advantage of emotions is my strength why I abandon it??!!!! Listen to your heart!!! avoid others!! Lesson learned!
mother fucking action. i treated it as my revenge ticker and that mentality going into the trade was not supposed to yield good result. I don't deserve good result. This is known ticker in hot sector and mother of zombie why I kept waiting waiting waiting for it to collapse. You can't assume it's going to do what you think. That means you overlook the price action is telling you. Stock is relatively stronger than CRON, TLRY and holding above VWAP entire day....why the hell I was assuming it's going to fail by EOD? Take what price and volume gives you and move on!!
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