SLDB Trade on Oct 23, 2019 14:10 from TrendSupporter: Tradervue User Stock Trades.

Gravatar

Shared by
TrendSupporter

 

I had a fantasy order in the mid 12.80s and it hit me. I entered on 1/3 of my max position. It kept dropping. My max loss was 11.83 and it immediately bounced the next morning. I So I held all day as it started coming back. Played this several times in the past and still looking for a gap fill to $20. After it grinded up a $1 again to my b/e point my plan was it would break through that 12.80's level and continue. I should've known that previous support was now resistance. I dropped the rest of the day and I held over the weekend. Monday morning bounced off of support of 11.80's again and I was expecting a grind up, instead it went reversal and in tanked. I broke my rule and didn't cut at max loss and ended up taking 1.4 times max loss.

Corrections: When it came back to b/e I should've sold my shares or at least half since it didn't do as expected.
Now I need to call broker to set up my max loss.

My current max loss is 1% of my capital until I can become consistent.


Execution detail:

Date/time Symbol Side Price Position
2019-10-23 14:10:00 SLDB buy $12.860 long
2019-10-23 14:14:00 SLDB buy $12.860 long
2019-10-28 13:13:00 SLDB sell $11.410 0


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!

View plans, Sign up for free, or Log in