Great buys but did not stick to targets.
Buy 1 ran over +1.25 (DON'T EXIT EARLY, STICK TO PLAN)
Buy 2 ran over +1 (DON'T EXIT EARLY, STICK TO PLAN)
Buy 3 good job (3RD TIME DOESN'T PLAY OUT AS MUCH SO GOOD JOB TAKING QUICK PROFITS!)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-31 09:48:29 | YELP | buy | $68.650 | long |
2014-07-31 09:49:09 | YELP | sell | $69.170 | 0 |
2014-07-31 10:01:08 | YELP | buy | $67.770 | long |
2014-07-31 10:02:31 | YELP | sell | $67.880 | 0 |
2014-07-31 11:00:52 | YELP | buy | $67.070 | long |
2014-07-31 11:02:22 | YELP | sell | $67.350 | 0 |
Thanks Jmos, i give myself an A for entry, however i keep abandoning my exit strategy and shorting the process. In review i am constantly cutting my profits by 50% or more due to the "fear" exit for profit. Really focusing on that.
Maybe you can set yourself smaller targets which will give you confidence for bigger targets? I know exactly how you feel, still a struggle on my end as well!
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You had those dead cat bounces nailed!