Play: Flag
Got stopped out on my first trade but it still held the base so got back in when broke that range. I got in a bit high and it was stalling. I got scared and sold flat.
Bad management and bad discipline as if I get it high, it just means I will have smaller profit but target should have remained the same (which was 22.5ish). Need to be patient and let things go. It never went close to my stop loss which was 10cent away either.
NEED TO STICK TO PLAN ONCE IN A TRADE!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-17 12:13:16 | SUNE | buy | $22.370 | long |
2014-06-17 12:15:15 | SUNE | sell | $22.350 | 0 |
Definitely was. This was a perfect example of "I lost on the last trade so I got scared again" but every trade is different and my stop loss never was hit. It just had a little dip before going higher.
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Entry looked fine, looks like micro management exit.