Shared by
youngcb1_BOWS
I was anticipating the pullback setup and entered a long position before any breakout occurred. On the one minute chart the pullback was occurring. My stop was at $18.50. The stock never broke out and it went against me. I didn't abide by my stop because I wanted to be little more patient. However, I paid for it at the end with a huge loss. The stock kept dropping down so eventually I exited my position.
Next time I need to stick to my stop and remind myself that I can always re-enter if the stock changes direction.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-04 09:42:29 | DGLY | buy | $18.670 | long |
| 2014-12-04 09:44:33 | DGLY | sell | $18.140 | 0 |
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!