Shared by
eskimobob
Overtraded this highly volatile stock. Very low float, a Chinese stock amongst others this week that gapped up massively and ultimately fizzling out. I was down, then I clawed my way back with a couple of good trades, however, got too greedy, and was trying to catch some dips at the end there with limit orders. What happened? Someone dumped a large amount and it tanked, filling my limit buys and continuing down. Then I was too upset/fearful to cut losses immediately, leading to higher loss than expected. This was a particularly devastating trade for my second small account.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-11 09:37:33 | WAFU | buy | $11.000 | long |
| 2020-06-11 09:37:57 | WAFU | sell | $10.900 | 0 |
| 2020-06-11 09:39:11 | WAFU | buy | $12.000 | long |
| 2020-06-11 09:39:35 | WAFU | buy | $11.040 | long |
| 2020-06-11 09:39:44 | WAFU | buy | $10.940 | long |
| 2020-06-11 09:40:07 | WAFU | buy | $10.770 | long |
| 2020-06-11 09:40:22 | WAFU | buy | $10.220 | long |
| 2020-06-11 09:41:09 | WAFU | buy | $10.190 | long |
| 2020-06-11 09:47:17 | WAFU | sell | $9.010 | 0 |
| 2020-06-11 09:48:14 | WAFU | buy | $9.770 | long |
| 2020-06-11 09:48:17 | WAFU | sell | $9.680 | 0 |
| 2020-06-11 09:50:51 | WAFU | buy | $9.090 | long |
| 2020-06-11 09:51:08 | WAFU | sell | $9.380 | 0 |
| 2020-06-11 09:58:06 | WAFU | buy | $8.540 | long |
| 2020-06-11 09:59:15 | WAFU | sell | $8.280 | 0 |
| 2020-06-11 10:00:15 | WAFU | buy | $8.390 | long |
| 2020-06-11 10:01:38 | WAFU | sell | $8.430 | 0 |
| 2020-06-11 10:16:20 | WAFU | buy | $9.030 | long |
| 2020-06-11 10:17:18 | WAFU | buy | $8.820 | long |
| 2020-06-11 10:18:08 | WAFU | sell | $9.180 | long |
| 2020-06-11 10:18:24 | WAFU | sell | $9.520 | 0 |
| 2020-06-11 10:19:54 | WAFU | buy | $10.190 | long |
| 2020-06-11 10:20:41 | WAFU | buy | $9.880 | long |
| 2020-06-11 10:21:06 | WAFU | sell | $10.100 | long |
| 2020-06-11 10:21:21 | WAFU | sell | $10.580 | 0 |
| 2020-06-11 10:21:59 | WAFU | buy | $11.140 | long |
| 2020-06-11 10:22:48 | WAFU | sell | $12.050 | 0 |
| 2020-06-11 10:35:01 | WAFU | buy | $13.570 | long |
| 2020-06-11 10:35:06 | WAFU | sell | $14.160 | 0 |
| 2020-06-11 10:35:27 | WAFU | buy | $13.650 | long |
| 2020-06-11 10:40:11 | WAFU | sell | $13.780 | long |
| 2020-06-11 10:40:12 | WAFU | sell | $14.040 | 0 |
| 2020-06-11 10:41:55 | WAFU | buy | $13.130 | long |
| 2020-06-11 10:41:56 | WAFU | buy | $13.160 | long |
| 2020-06-11 10:41:56 | WAFU | buy | $13.130 | long |
| 2020-06-11 10:42:12 | WAFU | sell | $13.870 | 0 |
| 2020-06-11 10:47:50 | WAFU | buy | $13.280 | long |
| 2020-06-11 10:47:53 | WAFU | buy | $13.430 | long |
| 2020-06-11 11:00:57 | WAFU | sell | $10.550 | long |
| 2020-06-11 11:10:53 | WAFU | sell | $8.900 | 0 |
Comments
eskimobob
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this is a great trade to learn from. Esp with regards to the emotions you felt during the trade - remember what and how you felt. Of course think about what you would have done differently but our emotions can partially paralyze us in the heat of moment. Think about a plan for what you will do next time you feel those emotions. Bringing your mind back to a state of objectivity is key - how do you get there? Take some size off? Get out entirely and re-evaluate?
These are the best trades to grow from.