Shared by
mwilson
Felt like I was chasing so I went in half size. Wish I held some lotto shares!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-29 11:32:46 | GENE | buy | $2.450 | long |
| 2015-01-29 11:32:46 | GENE | buy | $2.450 | long |
| 2015-01-29 11:32:51 | GENE | buy | $2.450 | long |
| 2015-01-29 11:43:08 | GENE | sell | $2.720 | long |
| 2015-01-29 11:43:08 | GENE | sell | $2.720 | long |
| 2015-01-29 12:09:16 | GENE | sell | $2.900 | 0 |
Comments
tombro
Yeah, it woulda been nice to hold some lotto shares, but the fact that you were up about 20% and closed the trade when the stock was up around 100% on the day, to me seems like a pretty good trade for someone still learning. Next time!
Two things I will watch for when trying to hold longer is...
1-does the chart keep making higher 5 minute lows?
2-if the chart does break the previous low, can it close under it?
they both have kept me in a lot of trades where my inner voice was screaming at me to close, #1 I have the patience for more often, #2 (for me) works better on the final 1/3 or 1/4th when I have already booked some profits.
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Setup was great. Just needed to hang on to it longer. I make the same mistakes.