- Did not trade based on underlying levels
- Did not trade based on underlying levels, did not let trade run
- Did not trade based on underlying levels. Traded chop.
- Traded Chop.
- Did not trade based on underlying levels.
- Chasing Trade.
- Chasing Trade.
- Anticipating instead of reacting.
Trade 1 Mistakes: Should have traded more based on underlying levels, support was not tested or broken, had I held, could have been payoff, as stock did continue moving in direction of trade
Trade 2 Mistakes: This was another case of maybe giving the stock more time to work out, and respecting underlying levels rather than just strict option stop losses. I had no reason for WHY I put the stop loss where I did other than I didn’t want to lose more than that prescribed amount on the trade, but because of this logic ended up losing a lot more over course of day applying this tactic to other issues.
Trade 3 Mistakes: Should have respected the levels I’d charted earlier; I went with the trend well enough, but it must be in conjunction with my levels as well. Overall, however, this was a choppy issue to be trading, would have been better off staying out of it to preserve capital. also, should have noted that SPX & QQQ were at levels and had not closed below them on the 5 min chart, particularly strong levels on SPX
Trade 4 Mistakes: Just getting whipped around, one, should not be trading chop like this at all, and should not be chasing trades, should be a little more thorough with criteria for entry, make plan based on levels AND trend. but trading chop like this also grinded away my capital.
Trade 5 Mistakes: Stops too tight and not based on underlying instrument. Should have had exit based more on levels of underlying not based on arbitrary pain threshold dollar amount.
Trade 6 Mistakes: Chasing trade, got hyped on price action, and rationalized it with some dumb excuse like ‘tech stocks are suffering so retail stocks will be strong.
Trade 7 Mistakes: many emotional mistakes. FOMO, Chasing Trade
Trade 8 Mistakes: Anticipating instead of reacting.