FRAN Trade on Jun 10, 2014 11:01 from ftai_BOWS: Tradervue User Stock Trades.

Let a profitable trade turn into a loser. Sigh!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-06-10 11:01:00	FRAN	sell	$13.260	short
2014-06-10 12:59:00	FRAN	buy	$13.310	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FRAN&trade=1052650&end=20140710&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FRAN&trade=1052650&end=20140610125900&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FRAN&trade=1052650&end=20140610144900&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-06-10 15:19:37

Notice how on your entry the ema has a little gap there. Once the ema caught up with it, that is when it continued downward.
...but the idea play was here..http://screencast.com/t/MNGy9OhFHouZ

ThirdStringHero_BOWS

2014-06-10 23:54:18

I feel your pain - it happens to me almost every day.

Sometimes I get a little chicken about taking profits quickly. But I'm starting to think maybe that's OK - if I just scale out smaller (1/3 or 1/4 instead of 1/2) at a chicken-level profit, then if it continues my way I can scale back up later. Then, even if it reverses on me later, it's more likely to end up as a scratch trade instead of a loser, since I took a little profit to cover the loss.

FRAN Trade on Jun 10, 2014 11:01 from ftai_BOWS: Tradervue User Stock Trades.

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