Day Trade Recap - 12.15.20 $MRNA $NIO
INTRO:
I keep this series of videos as a live video journal of my trade so I can learn from the things I've done well and other areas where I can improve. There are other better traders to follow such as Andrew Aziz! ;)
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Disclaimer: I am not a financial advisor and the content here is intended to be a personal video journal of my trades, both positives and negatives. I am not making recommendations on stocks to trade or how to trade. All comments are my personal opinion on my own trades. Please consult your own financial advisor.
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Not a good day. $MRNA had a big dump at the open and broke through all the levels without a bounce, dropping 10 points. I had to stomach it and wait to see what my strategy would be. I waited since it was such a violent move that I expected some pullback (not 100%) where I can weigh my options of exiting at a better price or in this LUCKY case at a slight profit. Nothing works 100% of the time and this is case in point of the dangers of any strategy sometimes going array. Good lesson to not go full size and take small half-positions. It gives me the leverage to decide what to do next if things don't go my way and I need to adjust.
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