Strong stock at open. Bought quick flag and then scaled out. Closed entire position too soon because the market has been weird. Should've set my stop at the buy price and let it ride. Not having the discipline to do this is my biggest mistake as a trader.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-11 09:30:30 | LULU | buy | $49.730 | long |
2014-12-11 09:32:26 | LULU | sell | $51.015 | long |
2014-12-11 09:43:38 | LULU | sell | $50.620 | 0 |
Nice trade. Gap up trades are scary and one needs to develop nerves to trade these correctly.
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Hey ben, maybe to get used to holding longer, instead of closing the entire position, leave just a little piece open, so you can get used to holding longer, and having practice with working with your emotions in the process.