BITA Trade on Aug 18, 2014 10:48 from yetitrades: Tradervue User Stock Trades.

This was the dumbest trade yet. You can see where I went short at the break of $80 in the morning, I had a stop at $80.50 so I did not cover. It then tanked to the 79.30's and then ramped up over 80 and over 80.50. It even faded again to $80 where it held and I could have covered flat. It then went parabolic to nearly 82.5 and I covered at nearly the top.

Lesson learned - don't cancel your stops. Once you have gone green, go ahead and move stop to buy price. This was a costly mistake, but probably something that needed to happen to me to instill a sense of caution. You have to learn somehow...had I been trading more size this would have been a nightmare.

ALSO - i will pay attention more to 15-min charts. It bounced off exactly the previous day's highs. I should have taken profits here.