ASLN Trade on Dec 2, 2019 09:35 from rjsteiger: Tradervue User Stock Trades.

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rjsteiger

 

This was terrible. It started out really good, but then several things happened:

What Happened:
  • tried to exit before the halt @ $8.18 because I wasn't feeling good about it (great instincts)
  • But my hot key submitted the order for $8.19 instead and I didn't realize until it was too late to adjust
  • I submitted a limit order out of the halt instead of readying hot keys.
  • I missed two opportunities to get out at $8.17, before the flush, but it happened to quickly.
  • I couldn't get out before the second halt, on the way down, as I watched in amazement stunned
  • And the worst part is, I held it, and then continued to trade while not in the right frame of mind. This compounded a bad situation and ended up doubling my losses.

This was a disaster. This destroyed my account. I traded emotionally after the initial loss when I should have walked away. I'm extremely disappointed in my behavior.

Corrections base on what should have happened:
  • Recognize what price point is submitted by hot key and adjust immediately as necessary
  • As quick as coming out of a halt happens, use hot keys, don't submit limit order. It took to much time to cancel and resubmit, and by then my limit at ask couldn't catch up.
  • Keep presence of mind, and understand that reversal are only likely to get worse, so sell
  • Upon a big loss, get up, and walk away. Live to trade another day.

This, mostly the revenge trading, was a huge setback. I took a blow to my moral, attitude, pride, account balance, and trading multiples. This sort of thing cannot happen again.


Execution detail:

Date/time Symbol Side Price Position
2019-12-02 09:35:08 ASLN buy $7.430 long
2019-12-02 09:35:08 ASLN buy $7.430 long
2019-12-02 09:35:33 ASLN sell $7.700 0
2019-12-02 09:35:42 ASLN buy $8.000 long
2019-12-02 10:24:51 ASLN sell $5.850 0
2019-12-02 10:45:08 ASLN buy $6.050 long
2019-12-02 10:46:08 ASLN sell $6.140 0
2019-12-02 10:52:58 ASLN buy $6.250 long
2019-12-02 10:56:47 ASLN sell $6.300 0
2019-12-02 10:57:37 ASLN buy $6.360 long
2019-12-02 10:58:34 ASLN sell $6.010 0
2019-12-02 11:57:00 ASLN buy $6.280 long
2019-12-02 12:17:53 ASLN sell $6.010 0


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