Shared by
_Stockprenuer
I was mad at myself for this one, I saw a flag play when I bought it was showing a little weakness I sold to early and it went flying.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-10 10:32:05 | ACHN | buy | $6.460 | long |
| 2014-06-10 10:32:10 | ACHN | buy | $6.450 | long |
| 2014-06-10 10:40:30 | ACHN | sell | $6.520 | 0 |
Comments
_Stockprenuer
2014-06-11 00:59:38
@thirdstringHero_Bows thank you for the feedback, I will actually put that in my trading style.
Leave a comment about this trade!
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!
Not sure it will help, depending on your trading style, but I often just scale out when I see weakness, rather than get all out (the same way I scale out for profit on a winner, but let some ride to get in on more profits).
This way, if it turns against me, I have less to lose, but if it goes my way, I still get to take some of the profit. If it does end up going my way, I try to scale back in later.
It took me a while to make scaling in and scaling out a regular part of how I manage each trade, and I made a lot of mistakes in the process of getting comfortable with it. But it's made a big difference in making my daily P&L more consistent.