Day 12 of the Small Account Challenge: Narrowly Avoided Less | Ep. #13
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Today was a close call! I started the day with a technical glitch in my Suretrader account. I tried to take a position in $CATB but the order didn’t seem to reach the server. I ended up sitting on the sidelines during the initial breakout and then got in on the first pullback. I promptly lost $580, making it my biggest loss in the Suretrader account.
At that moment, I felt my blood pressure rise and the frustration begin to set in. I quickly started looking around for another trade I could jump right into. In my mind I wanted to recover the loss ASAP. As soon as I realized I was allowing emotions to take over my trading, I stepped back. I took a breath, and reminded myself that this is not a big deal. I’ve had a great hot streak, and if today is a red day, that’s OK.
I switched gears and started looking at 5min setups, and that’s when my attention was drawn to the clean pullback $GLBS was offering. I jumped in with 1200 shares at $8.50, and rode the momentum over $9.00, and locked in a nearly $800 winner. I redeemed myself by being calm, cool, and collected. I’m finishing the day +$47.15 and I’m glad I was able to exercise self control and NOT give in to the death spiral of revenge trading.
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