{"id":303,"date":"2019-04-11T04:34:34","date_gmt":"2019-04-11T09:34:34","guid":{"rendered":"https:\/\/daytradingfreedom.com\/blog\/?p=303"},"modified":"2019-04-11T04:34:53","modified_gmt":"2019-04-11T09:34:53","slug":"a-terrible-trading-error","status":"publish","type":"post","link":"https:\/\/daytradingfreedom.com\/blog\/a-terrible-trading-error\/","title":{"rendered":"A Terrible Trading Error"},"content":{"rendered":"\n<p>I mentioned yesterday that I have guests for the next couple of weeks so wont be doing much trading or posting. I did end up with some trading time available on Wednesday though, so although I skipped the pre-market research, I was able to squeeze in some quickie trades on core stocks.  One of them was a bad mistake. Here was a 5-minute trade on NVDA:<br><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"1024\" height=\"1024\" src=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda-1024x1024.jpg\" alt=\"\" class=\"wp-image-305\" srcset=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda-1024x1024.jpg 1024w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda-150x150.jpg 150w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda-300x300.jpg 300w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda-768x768.jpg 768w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda-100x100.jpg 100w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-nvda.jpg 1080w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>This wasn&#8217;t a great setup and it&#8217;s more by luck than judgement that it worked out. If I hadn&#8217;t been in a hurry I would not have taken this trade. In my trading journal I rated it as a failure, even though it put $340 in the account. It&#8217;s never the financial result that counts, it&#8217;s all about the execution, and here I failed on almost all counts (I did exit well, as soon as it showed sign of weakness, so there&#8217;s that).<\/p>\n\n\n\n<p>Another of my core stocks is another chip-maker, AMD, which produced a better trade:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"1024\" height=\"1024\" src=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd-1024x1024.jpg\" alt=\"\" class=\"wp-image-306\" srcset=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd-1024x1024.jpg 1024w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd-150x150.jpg 150w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd-300x300.jpg 300w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd-768x768.jpg 768w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd-100x100.jpg 100w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/04\/10-4-19-amd.jpg 1080w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>That&#8217;s a much nicer setup with a much clearer target. It&#8217;s unsurprising that it produced a bigger profit, making $450 in around fifteen minutes.<\/p>\n\n\n\n<p>I really am quite angry with myself for the first trade. I know I only took it because I was in a hurry and that&#8217;s entirely my fault. I was very lucky it worked out.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I mentioned yesterday that I have guests for the next couple of weeks so wont be doing much trading or posting. I did end up with some trading time available on Wednesday though, so although I skipped the pre-market research, I was able to squeeze in some quickie trades on core stocks. One of them &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/daytradingfreedom.com\/blog\/a-terrible-trading-error\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;A Terrible Trading Error&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/303"}],"collection":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/comments?post=303"}],"version-history":[{"count":4,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/303\/revisions"}],"predecessor-version":[{"id":309,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/303\/revisions\/309"}],"wp:attachment":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/media?parent=303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/categories?post=303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/tags?post=303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}