23600 shares
I lost money in the morning trying to pick a bottom to go long in CRM. Then I got stopped out numerous times when I tried to short VNO, BXP, PLD, and TEX. I kept coming up with reasons that the market would drop while I was holding my shorts. When the market was moving up I saw down ticks on every resistance level as a possible turning point.
I also broke my rule of not checking my pnl before the close. I saw I was down $300. I got into desperation mode near the end of the day. I basically gambled with 600 shares trades. I hoped and prayed that I would catch something. This is one of the worse situations to be in as a trader. The result was another $170 in losses. I hope I learned something from this. It was a good lashing.
Desperation
I was stuck in a view that the market would drop and missed out on easy setups.
1 comment:
Ugly is right. I'm down $90 today when a short failed. The second after I entered the position, it popped up and didn't look back. I covered .10 above, for a $90 loss.
What's killing me is I lost a huge opportunity in TNH today. I went to get a cup of coffee and 5 minutes later, the stock was $2 up. I kept watching it climb, climb, climb up another nearly $4 thinking it was going to reverse hard at any time (which it didn't). It would have been a great long position today. Oh well, hindsight is always 20/20.
Good luck on your trades, and thanks for the blog. It's a good read.
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