VEEV Trade on Mar 3, 2015 14:49 from pstark89: Tradervue User Stock Trades.

Peter, your entry was great. It was the trade management that hurt. And I only say this from speaking from experience. I've done the same thing. The first cover for half a position, or 1/3 of a position was bang on. Get that spike down, and IMMEDIATELY cover half. Don't be afraid to have a losing trade after you have covered half. Keep your original stop. I do the same thing. You are so grateful to have made a little, that you cover too soon. Then you feel like crap for not having followed through when you see it nose dive further. If you keep that second half in there, and not be afraid to take a loss from the original stop (which now would be half of much of a loss as the original amount (from selling half)). If you want to do thirds instead of halfs, that is fine. I would have trailed my stop.... First spike down, cover 1/3. Second spike down, another 1/3. Couple green candles up, and cover the last 1/3. Red candles show down trend still.... green is end of down... cover then :) Hope that helps.... I am trying to master this part myself!