Shared by
SonoFusion
This was my worst trade for the day. I really don't know that I can even give a perfect reason for why I took it. I was really wanting the stock to pause and keep going upwards, mostly was being driven by FOMO of the previous move that I had just missed. (not paying attention to my screens) I took the trade with too large of a position which equaled too small of a stop, then getting stopped out right away. I ended up giving back 3R (typical) on this trade by getting hit with a bad sell + too big of a position size.
_
Chasing is never a good idea...
Gambling and Trading aren't the same thing...._
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-11-10 10:56:15 | AMZN | buy | $97.580 | long |
| 2022-11-10 10:56:15 | AMZN | buy | $97.580 | long |
| 2022-11-10 10:56:25 | AMZN | sell | $97.432 | 0 |
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