CYBR Trade on May 14, 2019 09:40 from shimmz2: Tradervue User Stock Trades.

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shimmz2

 

Bought 50 shares with $2 stop on anticipation of flag breakout (stock at all time highs)

Bought 50 more shares, and adjusted stop to $129 inline with $100 risk.

Market had a sudden big drop, and price dropped past stop loss as stop set at AON (sell all or nothing between 10 cents range). Had to sell all shares at less market price due to trade becoming unmanageable, and took loss of -$276. ($176 more than expected)

Have now adjusted stop conditions to sell ANY at stop. This will sell most down for 0.10 cent slippage, and low amount of shares outside slippage will be little loss.

Today was a very choppy day with a lot of stock behaving very volatile inline with market conditions

Lessons for next time:

  • Watch volume, and make sure that green bars are clearly bigger than red bars before adding more shares.
  • STOP LOSS should always be set at ANY, not AON.
  • If you don't feel comfortable with trade, or trade is unmanageable sell trade quick
  • Trade in practice account when max daily loss is reached to learn more

Execution detail:

Date/time Symbol Side Price Position
2019-05-14 09:40:23 CYBR buy $130.439 long
2019-05-14 09:45:12 CYBR buy $130.429 long
2019-05-14 09:48:03 CYBR sell $127.671 0


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