Shared by
jmos_BOWS
Play: Flag
Butchered this trade. Chased the entry as I didnt get filled where I wanted at first. Then it was moving erratically which scared me away with the fact that I had just taken a loss in it. So I sold for no reason my first time. 2nd sell was my original first target according to my plan which would have been good. Then, scaled out 3 times when it made no sense for the # of shares I had and having already screwed up the first sell.
Very frustrated about this one as I was not disciplined, scaled without rhyme or reason. Need to go back to having the stop loss/target mentality!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-20 11:54:04 | MOBI | buy | $9.230 | long |
| 2014-08-20 12:02:18 | MOBI | sell | $9.290 | long |
| 2014-08-20 12:11:41 | MOBI | sell | $9.370 | long |
| 2014-08-20 12:21:26 | MOBI | sell | $9.260 | 0 |
Comments
jmos_BOWS
First exit was horrendous! Like you would say "Terrible sell" haha That is the first thing that popped in my head when I sold for no reason actually
Markmandy54
Depends on your strategy, if you loaded the boat, then taking some off on the initial surge is great, but doesn't sound like you did that. Sounded like a "terrible sell", haha.
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Great trade!!! Great entry, exits, everything man! Nice.