Day 11

Plays of the day FOSL, TRIP, MBRX, UA, OSTK, AMAG

TRIP took a hit on this and learnt a good lesson. Took an initial entry before it showed weakness with plan on risking off HODs. Better plan would have been to wait for weakness before entry. Not too bugged out by this as I actually considered between the 2 options at that point due to uncertainty and decided to go ahead with the entry with said risk and exited when it didn't work out. Key takeaway from this is to wait for weakness rather than arbitrarily taking entries anticipating a HOD rejection. Missed the subsequent entry that worked exactly as planned but doubt that I would have taken the entry given the short amount of time in which the stock reversed. More reviews and lessons to be learnt from this trade.

MBRX did I mention this to be a shitbag earlier? Well it still is and hasn't moved in anyway interesting just yet much like the other 2. Patience.

UA faded today but didn't want to be on the frontside of this. May be interesting for watch.

AMAG frontside move. Took an entry when it showed some weakness and cut when it reversed. Overall nothing i'm too unhappy about on this except maybe could have been more patient with my exits since the price action hasn't really reversed on me yet and seems to be working out well after my exit. Level 2 had strong indication of reversal and re-entries can always be made if it starts working out. DO NOT FOMO ENTRIES OR FORCE TRADES TO WORK.

OSTK frontside much like AMAG and played out as planned but didn't take entry as I was looking at TRIP and FOSL. Pity.

FOSL looked at it and thought that it would move like it did yesterday due to a similar setup forming but didn't so lost interest.

*Updates* Big picture plays man. Work needs to be done on my ability to understand how the charts are playing out relative to the big picture and whether or not I should be in it. No big losses but many unnecessary ones.

*Updates on Updates* Hindsight review. 2 semi-backside plays and 1 frontside play but managed to screw myself over on all of it. Not gonna blame anyone but myself for losing sight of the big picture play. Initial entry on TRIP could have been much better as previously mentioned. Wait for more signs of weakness before entering instead of taking an anticipatory FOMO entry. Whole reason why I looked towards mid/large caps over small caps was that moves have more potential to set up again after confirmation of move. Second entry on TRIP turned out to be the payday that I missed. Mixture of emotions from my first entry and AMAG play together with possibly some fatigue caused me to panic out before any real reversal occurred. Overall bad trade with a lot more to work on. FOSL this setup the way I planned rather than setting up separately intraday albeit much later than usual. Could have been a great entry and payout but missed it while I was busy fumbling around trying to regain composure and understanding of the edge I was trading by. AMAG wasn't too unhappy about this. Had a plan that showed strong weakness but reversed on me. Recognized the reversal on level 2 and made a good exit so good trade overall. OSTK was looking at other plays right as I saw this test levels I was interested in. Would have been the perfect entry and payout but missed it and did badly on the rest. So much more work to be done over the long weekend before market open next week.