Tuesday, January 17, 2023

too eager too early

Yesterday was a market holiday. Today I came in too eager. SHOP too early, no protection. TSLA too eager, too big, initial loss. Very lucky to exit green today.

TSLA I waited (sort of?), but it showed a lot of strength so I went ahead with a little extra size, and then it dumped. In retrospect, even though I waited, the entry was still extended and shouldn't have been bigger than full size. The loss wasn't too bad, but I used a lot of capital being wrong. Second time in, I really got the move, but I was in about half size because I didn't have capital left to deploy any bigger.

SHOP I didn't get my stop in while I was working on TSLA. I rode it all the way down. Kept waiting for a pivot to stop against. Meanwhile my calls went down the drain. Was very lucky to get back above break even and then played it really tight. Not proud of this trade and I only got out green with absolute luck.



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