Mobile Trading Blunder: How Stubbornness Cost $7K

Summary

Despite pouring rain and being set up in his car, the speaker's Starlink provided reliable internet for trading. However, the day ended in a significant loss of $7,164.18 due to stubbornness and trading a low-quality setup. The first trade involved AEHL, a Chinese stock, where an initial $1,000 profit was lost after a failed breakout attempt. The main loss occurred on MOX, where the speaker took on too much size and held onto a losing position too long, resulting in a 20-cent per share loss on 40,000 shares. This loss is attributed to a desire to break a streak of no-trade days and trading a stock with greater downside risk than upside potential. The speaker reflects that sticking to high-quality setups and managing risk is crucial, especially in a cold market. He plans to save his 'ammo' for better opportunities next week, acknowledging the current week is likely a wash.