Did a really good job of being patient on the open. As the morning began to come to a close I had a series of rough movements against my positions (which I made some mistakes on, mentioned in review). After this little bit of trouble, I guess I lost concentration/discipline, and gained a little bit of fomo.
It was at this point that I made worst series of trades for the day. Got long REN near the highs, with an impatient/fomo type entry, and then flipped the position short in the same style. The trade ideas themselves were okay, it was just that they hadn't developed to the point where any conviction could be had; or to the point where risk could be controlled easily.
Don't want this slackness to develop any further; so want to focus on avoiding the B type trade entries.
Note: I did correct this later on somewhat when I missed a good entry on a stock that I was too patient on.
No comments:
Post a Comment