I screwed up almost all my trades in the past two days……
One of my stock $LQMT ran up and failed to take profits. I got greedy. It dipped a bit and I panicked so I sold for a loss. The following day it rips almost 30%. My timing was just so effen off.
Trading is all about timing.
That just makes me want to run into a wall.
To my defense I was trading on my Iphone and as you know Think or Swim app blows since it doesn’t show level 2 so you have no real idea what’s going on.
NEVER TRADE ON YOUR PHONE if you have TD app. EVER!
On other stocks I was up 6-20% and I failed to take profits.
When you’re up on a spike take at least 50% off or the whole thing. PERIOD!
I can be only mad at myself.
It would be easy to point fingers, but remember the market is ALWAYS right.
I got cocky and arrogant after my 3 winning week and I thought I can’t make mistake. Whatever I buy will rip 30% . Yeah right. Dream on!
Well………….the market humbled me in the past 2 days.
I got frustrated after taking the losses from yesterday so today I freakin’ over traded and added some decent loss to my account and all that resulted in nice dent in my account.
Anyway, I’m going to spend the week analyzing my screw ups, learn from it, forgive myself and move the fffff on!
Sorry for coming out like a maniac in this post but repeating the same mistakes can really screw with your head.
Anyway, I’m looking forward to Monday morning since I hold to nice plays.
I’m long $MJNA at $3.07
also long $SKTO at $.206
Expecting some buzz over the weekend which potentially could lead to some gap up and decent run on Monday.
Please share the love!