"I am super depressed. Picked up my cousin from the airport and during that time GBTC was crashing...but quickly rebounded. I would definitely have played that rebound...Cost me $1-6K of lost high-probability opportunity for personal account...more for client accounts of course.
Sad thing is had an order to buy at the line but canceled it right before left because was definitely spooked by the premium and wanted to manually execute.
Ug, my life is over! This just doesn't occur every day--but maybe it does somewhere in the world. I suppose it's my job to find it...definitely letting the emotions get involved here but at same time can't keep missing these opportunities, it's where the money is!
BTW, my cousin/family doesn't know and we had a great conversation on the way home. Didn't think there was any point mentioning this."
It took me awhile to get over this...went to sleep. Then when woke up came back and looked at markets. Saw NVDA was not performing as expected, followed rules but let emotions take over when doing so and made a very poor exit. Lost $200-300 more than I should have. Very pathetic!
The whole reason was I panic-traded. NVDA broke the first trendline in photo, and I told myself that if this happened I'd get out. Then it traded back up...this would have been the right "get out" opportunity. I'd have a 0.50 loss compared to a 0.85 loss. Huge difference in the options world when your contract was purchased at 2.75
Trade was worth a gamble overall due to several supporting factors, but entry/exit were poor and rushed, so what could have been a profitable exit became a loss. Trading really is very sensitive, especially with options, to entry/exit. Until I get better at this, I should not be trading options methinks. Need to do some practice with the entries/exits!
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