Watching CERU & MSDI, both gainers
$CERU – focusing on buying the morning dip. Other traders taking profits while momentum from good news will give CERU room to run.
- Risk: 10 cents below entry ($100)
- Target: 30 cents above entry ($300)
- Size: 1000 shares
- Catalyst: good news from Dare Bio-sciences regarding merger / partnership. Day 1 spiked, likely news is slow to spread, there will be another green day.
$MSDI – same exact play, same risk / reward from entry, same size if possible, if not scaling down to 500 shares
Horrible trade. Currently down ($450)
I ignored my 10 point mental stop because I listened to hope & emotion over logic and my plan.
Mentally, I couldn’t cut the trade off because I “felt like” it could make it back to break even. I felt horrible for losing almost ($500) in less than 15 minutes.
I feel like shit, I lost money, I didn’t follow my plan.
I will not allow yesterday’s success to lull me into today’s complacency, for this is the great foundation of failure.
– Og Mandingo