I Made A Bad Trade Today

I bought IONQ today and it was a mistake.

I’m trying to get better at getting into high octane names, and in my exhubernace I pulled the trigger on IONQ early this morning without a proper pivot. It didn’t even have a one day pause pivot.

Since earnings on Nov 6th it made a move of 167% and I wanted to be involved in any moves higher. Instead of being patient and waiting for a pullback and reversal, or at least a pause pivot, I opened a quarter position as it took out yesterday’s high and set my stop to the low of the day for 6% risk.

I was hasty and too eager to get involved. But all I saw as I was pressing the buy button was a stock moving out into new highs and a place to set a low risk stop, even if it was a shitty one.

I’ll do better and won’t make that mistake again.

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