Ok, here I made a couple mental mistakes again. I noticed this forming a flat bottom breakdown flag, failed at vwap and had emas right on top. Got in which I thought was a decent entry. The first mental mistake I made, again, was that I'm so used to going long, I'm pre-deposed to hit the sell button when exiting a trade. So since I'm new to shorting, I have a couple times now hit the sell button instead of buy to cover and I end up shorting more shares. This instance it would have worked out, but I shorted more shares and then I wanted to get out half my position at my first target. The second mental mistake was that I scaled out WAY TOO EARLY AGAIN. Damn. What a flush this had EOD. Need to work on this big time, let my winners ride.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-25 14:02:52 | BABA | sell | $114.190 | short |
2014-11-25 14:03:15 | BABA | sell | $114.185 | short |
2014-11-25 14:03:21 | BABA | sell | $114.182 | short |
2014-11-25 14:08:53 | BABA | sell | $114.033 | short |
2014-11-25 14:08:53 | BABA | sell | $114.030 | short |
2014-11-25 14:09:16 | BABA | buy | $114.067 | short |
2014-11-25 14:09:17 | BABA | buy | $114.068 | short |
2014-11-25 14:25:45 | BABA | buy | $113.910 | short |
2014-11-25 14:26:29 | BABA | buy | $113.810 | short |
2014-11-25 14:29:13 | BABA | buy | $113.730 | short |
2014-11-25 14:31:49 | BABA | buy | $113.560 | 0 |
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You know, I've found I do much better mentally that if I do a mistake like that, just immediately correct it so you don't have the mental baggage hanging over you. Then you can mentally better manage the intended trade.
Afterwards you can separate out the screwup in tradervue and just ID it as such, then it's easier to analyze your intended trade