Shared by
MdB_BoWS
what a rollercoaster, would've been stopped out had a stuck with my $200 stop loss per trade. I keep making these trades....... yet they turn out so profitable every single time. worth the R/R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-03 09:38:00 | USU | sell | $8.900 | short |
| 2014-07-03 09:39:20 | USU | sell | $9.250 | short |
| 2014-07-03 09:40:10 | USU | sell | $9.250 | short |
| 2014-07-03 10:09:00 | USU | buy | $8.700 | 0 |
Comments
MdB_BoWS
Mick9800, agreed EVRY was one of those that exploded, but that one I did cut my losses on.
The level 2 & volume between the two where very different though, which made me stick with this one, and cut my losses on the other.
Alvan_BOWS
Adding to a losing pos is not worth the R:R. Eventually it will catch up with you. Honor your stops. No reason you can't get back in at 10am when it did break, or even add to the pos when you see another setup. Lucky recovery, and nice exit.
Nape_BOWS
When it made a double top at that 9.50 mark, that a when the opportunity was there to take a short position.
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glad it worked out for you but it is a dangerous game not sticking to your stops especially with this stock as it could have just as easily exploded in the other direction