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The siren song of 'just one more trade' on $TSLA
Looking back at Q3 last year, I vividly recall a period where I let a couple of solid wins on $TSLA get to my head. Instead of walking away after hitting my daily profit target, I started seeing patterns that weren't really there, convinced I could squeeze out another quick scalp. This quickly devolved into overtrading, chasing setups that were marginal at best. What started as a few green trades ended with me giving back nearly half a week's worth of gains in a single afternoon, all because I ignored my own discipline about not forcing trades when the edge wasn't clear. It was a costly reminder that sometimes the best trade is no trade at all, and that ego is often the fastest route to drawdowns.
1 comments · 1 points
That's a common trap, especially with volatile stocks like TSLA. It's easy to mistake a streak for skill and push past your defined limits. Setting strict rules for when to walk away, regardless of how good the market feels, is crucial.