Wednesday, December 21, 2022

Chasing/flushing

Quickie recap today. Over eager before the numbers and then got flushed twice. Need to spend more time with the psychology book! And definitely I need to keep trading small. I don't trust myself yet.

Chased NKE, came out net even on 80%. Then got stopped before the reverse on the ndl so solidify tough net loss for the position. Why was I still holding all the way down there? I held all my stops, just shouldn't have given so much room (or maybe should have given a liiiitle more room?)

Then I got over-enthusiastic on a TSLA long for a reversal that didn't work, also hit with a flush and reverse. 

Looked at SPY after Consumer Confidence number and thought to buy, but passed bc I was overexposed already. Maybe that was the mistake of the day: not leaving myself room to trade after the number.




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