03.04.20 $AMD, $UBER, & $LYFT: Stupid Day

I'm pretty disgusted with my trading today. I was tied up during the morning session and couldn't trade but I was logged into my trading platform anyway. I learned a lesson today that if I'm not trading, there's no reason to be logged in. I'd been watching $UBER form an ascending pennant, destined to break out over it's flat topped highs of the last few days. I got busy and wasn't looking at my charts for a couple hours and when I put them back on screen I saw $UBER not only came into my buy zone, it broke out and made the move I was anticipating. Missed moves put me on edge and I should have shut down right then. Instead, I started taking trades right in the middle of lunch, knowing they're less likely to work.

$UBER
I got long $UBER in front of a pivot high and when it didn't hold, I added to my position over yesterday's high. That failed as well so I stopped out. I then got long over the initial morning high and that trade failed and I stopped out. At the end of the day I tried it again looking for a move back to the high of day but there was just no volume to support the move. It'll gap up for open tomorrow though, I'm sure of that...



$AMD
After getting crushed on my first two trades on $UBER I watched $AMD reject the 50-day moving average, so I got short lookinng for a move back to VWAP. It immediately turned on me and started moving higher. I did get a teeny tiny scalp out of it at thee end of the day while I was losing more money in my last $UBER trade, so there's that...



$LYFT
I didn't let ride sharing stocks take enough from me today so I also traded $LYFT. When it put in a new high of day on really nice volume, I got long looking for a move back to the high of day. Nope. This one failed me too.. 



Looking back at my trades they weren't really horrible setups but I definitely over traded. When my first trade in $UBER didn't get follow through, then my second, and my third, there was no sign anything was going to give me the follow through I was expecting. I was also attempting to trade large cap names in a wild environment. Part of my issue today was that I'm on a hot streak and didn't want to take the L. I had one coming to me and I could have taken a small one. Today isn't a small red day though. I gave up two or three days profit today by not being willing to accept a loss. Guess what? You took the L anyway, idiot... 

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