Poor risk management and emotional trading. Initially bought and sold upwards momentum, mid break-out.
Then bought into the second halt, influenced by Warrior Trading. This particular trade went well for a 7.9% profit - well timed exit.
I then tried to trade a dip or two unsuccessfully, ultimately being caught in a rip downwards. And I didn't sell immediately because I was a) hoping for a reversal and b) thought my max loss limit on CMEG would kick in and liquidate my position. However there was a misunderstanding and my limit was for realised losses, not unrealised. An expensive mistake and leading me to rethink my whole strategy.
2440 NSDQ ECN 1.56
2496 NSDQ ECN 1.56
= $56, 2.29% gain
$3.12 ECN fees, $5.9 comm
= $46.98
running p/l $46.98
1316 NSDQ ECN 0.78
1420 ARCA ECN 0.78
= $104, 7.90% gain
$1.56 ECN, $5.9 comm
= $96.54
running p/l $143.52
2139 ARCA ECN 1.17
1426 ARCA ECN -0.40
715.50 ARCA ECN -0.20
= -$2.50, 0.11% loss
ECN 1.17, $5.9 comm
= -$9.57
running p/l $133.95
2480 NSDQ ECN 1.56
2244 NSDQ ECN 1.56
= -$236, 9.51% loss
ECN $3.12, $5.9 comm
= -$245.02
final p/l $-111.07
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-22 10:14:44 | FRAN | buy | $6.100 | long |
2020-06-22 10:14:49 | FRAN | sell | $6.240 | 0 |
2020-06-22 10:15:18 | FRAN | buy | $6.580 | long |
2020-06-22 10:20:48 | FRAN | sell | $7.100 | 0 |
2020-06-22 10:21:22 | FRAN | buy | $7.130 | long |
2020-06-22 10:21:29 | FRAN | sell | $7.130 | long |
2020-06-22 10:21:29 | FRAN | sell | $7.155 | 0 |
2020-06-22 10:29:50 | FRAN | buy | $6.200 | long |
2020-06-22 10:31:12 | FRAN | sell | $5.610 | 0 |
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