Aug. 8 at 11:41 AM
Friday 12 Aug was a no trade day for me.
$MB went crazy. You start looking at the charts at 7 am ET and the stock has been up 430%. 🤯 That was just mind-blowing.
I told my girlfriend that FOMO was kicking in. But discipline is discipline. And when you said no trade day, then it shall be a no trade day. Argh! That hurt! I spent some time on the charts and felt the POMO i.e. pain of missing out more than FOMO.
$NAMI already up on the day, made a 75% move higher from 7am. Darn it! Heightened POMO!
The voice in my head: Take just one trade.
Why: 1. Your journal will red green (Performance anxiety). 2. What if this is another 1000% gapper (FOMO). 3. Typical that you dont trade when market heats up (FOMO).
So many that chased the week’s action into Friday and the outcome: Red days for most.
$DSY ,
$NAMI,
$MB,
$CLRO etc
Could I have been green on the day? Maybe.
Could I have been red? I am not because I listened to my gut feeling.
How did you do on Friday?
