Shared by
ThaRhino
** HORRIBLE TRADE **
Setup: 2nd Bull Flag
- Bought the 2nd bull flag breakout and added size when it pulled back a little
- Stopped out lost volume and gapped down
* MISTAKES were many:
1.) This was a 2nd setup, so I shouldn't have added size, as there was more risk
2.) I should've already liquidated the position immediately when the stock pulled back below the breakout level, after temporarily breaking out; instead I added size when this happened
3.) Continued to hold on to position, even as the stock hit my initial stop; as a result, the stock gapped down and declined further; this gave me a bigger loss than normal because I added size and even held on past my stop
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-22 11:01:47 | KS | buy | $28.880 | long |
| 2014-10-22 11:05:22 | KS | buy | $28.840 | long |
| 2014-10-22 11:07:19 | KS | buy | $28.790 | long |
| 2014-10-22 11:25:51 | KS | sell | $28.600 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
No setup on daily or intraday chart. No reason to be in this stock.