My 2nd trade of the day that went south. I shorted, was in profit near my profit taking range, but didn't close my position. Price ended up going higher, was hitting my stop loss, but instead, I added 3 times more to my position size to have a $60,000 position size, to ladder and average my short. The mistakes I made were:
- I should've stuck to my stop loss but got greedy
- I shouldn't have laddered $20K position size to $60K instead.
- It wasn't worth it for a $150 profit only
My 2nd trade of the day that went south. I shorted, was in profit near my profit taking range, but didn't close my position. Price ended up going higher, was hitting my stop loss, but instead, I added 3 times more to my position size to have a $60,000 position size, to ladder and average my short. The mistakes I made were:
- I should've stuck to my stop loss but got greedy
- I shouldn't have laddered $20K position size to $60K instead.
- It wasn't worth it for a $150 profit only
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