I have this tendency of diverting from my original plan and make a new one, on the spot, for the sake of earning more (or to think that I could earn more.)
You know this guy?
Yeah that guy is $WEB. He's been the talk of the town since last week because of the sudden dip of its price from around Php15 down to as low as Php3.02 in the span of 3 days. Then they halt the trading for a day and then when they resumed the trading after a day... BAM! It skyrocketed from Php3.02 up to Php7 and up!
This is me getting hyped.
Yeah. I got into the $WEB bandwagon for the day and the plan was to sell it within the day. I did just that and I earned from that trade. Small gain but a gain nonetheless.
Show me the money!
The weekend goes by and all I can think about was this stock. Tataas pa kaya? Tingin ko tataas pa! Kapag bumagsak e di cut loss. Sige bili ako pag-open. And I did buy the stock without any real plan, without learning how to do this bounce plays, without studying the charts, without any entry point, and without any exit plan. I am literally gambling on this (Like they say old habits die hard). In that moment, I was the gambler.
Hello, Motherf*ckers!
The plays I made were hideous. I bought at a high price and after a couple minutes of monitoring, the price suddenly goes down and I was on panic mode. And in that moment I decided to cut loss and sold it at a much lower price. This goes for about 3 cycles. I was trapped in the web! :(
There goes my money!
Moral of the story: Stick to your plan and prepare before going into battle!
つづく
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