$MGO Global Inc.(MGOL)$ This trade really tested my patience. I took a loss on this one because I was uncomfortable with several aspects of the trade.
I could have waited & made 75c/share, potentially earning a low six-figure profit. However, the key difference with this squeeze compared to others earlier in the week was the timing. The other squeezes started much earlier in the day, around 10/11 AM, and by 1 PM, I would have been significantly in the green, allowing better risk control. Unfortunately, this one played out exactly as I had predicted—but w/out me.
I don’t regret stopping out; instead, I want to emphasize the importance of:
1. Sticking to your trading plan if you have one created.
2. Stopping out or sizing down when you feel uncomfortable.
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