Nice day. Started with a dumb trade on $RLYP. Shorted thinking bad news, so quick pop into resistance and wash out but boy was I wrong. Charts below in order of how I traded from $RLYP to $NUGT then finally $SM
WHY - Stupid FOMO. Should have waited for entry at the 200SMA.
Exit - Was sick and tired of the trade as it didn't go according to plan
WHY - Had a good run. I shorted into resistance area.
EXIT - Very wild moves so I was cautious to get out before it gets nasty
Why - Had a good run up and stright into resistance area. I wanted 25 as its phsycological number plus that would be above 200 SMA on the 5 minute chart.
P & L - 395