NVDA Trade on Nov 21, 2022 09:53 from SonoFusion: Tradervue User Stock Trades.

This is a perfect example of being over confident / sure of myself. I was watching NVDA based on some trend lines that I been been observing over the last 10 days + and was feeling like the stock was going to bounce today. I didn't take the ORB which I was actually planning on taking today because I got distracted by other stocks and then I started to suffer from FOMO. I liked the idea of the profit and "glory" more than the actual trade, yet I went into it anyway.

This was actually 2 trades as my original trade got stopped out at 1.5R and I immediately took another position "sure" it was going to go up... Which it didn't. I risked 1 R on each trade and got slippage to 1.3 / 1.2 R on each trade putting me down 3R in total on this trade. Wouldn't it be nice if we only had the big up R trades vs multiple down R trades.

Lesson learned here is that when things get too extended from the VWAP bad things can happen + watch the cycles. This stock was due for a pullback and instead of waiting for it I took a buy in with a generic X amount risk vs a level based or support based risk.

Psychology Journal:
I was wanting the day to be green, had spent the weekend prepping for Monday and let me desires for profit to overshadow my desires for a good trade. I lost sight of the bigger picture which was a good trade (which equals profit) by letting the emotions of greed / fear of missing out to kick in.