Not sure why I moved my stop to even. I believe it was because I was down on the day and didn't want to turn a winner in to a loser. This stock only went as high as $87.14 before going all the way down to $86.50.
When entering a trade, I need to trust my experience and let the trade show me whether I was right or wrong. In this case, the trade had moved in my favor by about 2R and I failed to take 1/2 off as stated in my rules. As a result, when the trade came back, I wanted to protect myself from feeling the pain of failing to take some off and turning a winner into a loser by taking it off at even. As a result, I missed out on about 4R.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-27 12:09:00 | VRX | sell | $87.080 | short |
2015-11-27 12:29:54 | VRX | buy | $87.073 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!