Something else I did wrong today was only trading what's in front of me. I had about 10 picks today, but only put 3 on the birdeye. In the end, I traded FB and SNAP bc they were on the birdeye, but never went back to sort through the other picks.
In high volatility, I need to grab fast on surges or give tons of room for stops (extra tight or extra loose). I know that my personality prefers to take the fast gains, even if I will miss the bigger gains. Enduring a big pullback is too hard for me. ZIGS NO ZAGS.
So today, I didn't yank SNAP on the first surge. Tried a really late short (which was my initial thought based on premkt). If I wanted short, I should have shorted the top reversal. If I wanted long, I should have yanked some on that power surge. Then I got stopped on my second calls before vwap bounce and the real move came in. I was watching SPY. SPY daily had made a pivot lower-high so all longs are to be doubted (another clue I should yank longs on surges $STUDY). SPY intraday was pulling back off resistance. That should have told me to yank my longs. ZIGS NO ZAGS.
FB, "courageous entry"--I'm such a hero LOL--off the 2 bar reversal bottom. I got half off nicely on the surge, lesson learned for now (see SNAP), but the add (bought higher) went out for a loss on the stop.
