Thursday, September 26, 2019

BYND -36%. What was I thinking?

Daily setup: huge gap up above downtrend
Entry/play: No rational entry. I jumped in. too big. too soon. too much exuberance.
Management: I grabbed the first bar, even though I planned to buy around 157. When it went to 157, I added (WTF, seriously!?). And it kept dropping. So... where to stop? After it cooled off for a split second, I put a stop below there.
Psychology: Shock! I came in today knowing I was over-exuberant. I ate the first trade early because of sheer idiocy. After the loss, I looked at my account and for a fleeting moment I had the right impulse: to walk away. I should have walked away, if only for 5 minutes.



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