Wednesday, July 21, 2021

Day Trading Journal - Day 1437 : Blow Up Again

What a good day with bad trades. Emotional strike again to the losing streaks. 

1st entry $7.6: My favor play. Exactly as I planned always. But as always covered too soon. (Emotional on profit taking)

2nd entry $6.8: Here's the emotional kicked in. FOMO!!! Big MISTAKE! 

3rd entry $6.4: OK entry but risky (Kind of FOMO). Biggest mistake NO CUT LOSS with the PLAN. And CUTLOSS at the TOP! Absolutely garbage trade.

4th entry $7.25: My favor setup but EMOTION kicked in now because of the RED numbers in portfolio. Fear of having another red streak back to back after 3rd trades. CUTLOSS before it HIT planned cut loss level. And here goes the BIG RED CANDLE without me. 

5th entry @6.76 & $6.82: Here goes 2 absolute FOMO entries. Repeated exact same mistake again & again. Worst was CUTTING LOSS at TOP AGAIN! ONE MORE TIME! (Same mistake as 3rd trade)

After the last cut loss. Account blown up again. And eventually the stock is moving to the direction exactly as I planned at the beginning stage. A good stock pick with bad trades. 

Would someone lead me the path or lend me $500... So frustrated, so disappointed, mentally down.

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