Shared by
mikowitztrader
First half of this trade was good. Caught a breakout above a recent high, sold a piece quickly and let the rest go. Saw another pop on good volume and bought anticipating a continuation. Then when that failed I sold the rest of my initial entry for a gain, but held the second entry well past the consolidation I should've sold at.
Lesson: wait for confirmation of a continuation, not anticipation.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-20 11:20:50 | SURF | buy | $3.650 | long |
| 2020-05-20 11:23:34 | SURF | sell | $3.700 | long |
| 2020-05-20 11:29:32 | SURF | buy | $3.790 | long |
| 2020-05-20 11:31:32 | SURF | sell | $3.740 | long |
| 2020-05-20 11:43:12 | SURF | sell | $3.540 | 0 |
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