

FOMO Trade - Never Chase a Trade
ASTS was an example of a trade that I was chasing rather than letting it come to me. It started with not having enough conviction on my it due to its fundamentals although the setup was good early on. ASTS provided for a few good setups albeit with a large daily range/stop which wasn't conducive for risk taking. Refer to the red shaded cicle in the diagram below. Even if I planned to buy it, I should chosen the point where the stock broke out of the cup over its previous high

Santo
7 days ago
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