63M float/24.00%/81.30% institutional
Stop: 46.11
R: 0
Bullshit trade. Wanted to play. The consolidation looked sweet, so I jumped on an offer. Wanted to exit into the lows at 45.50$ but I had no plan and traded the chart insted of the setup so I scratched and never touched it again.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-09 10:50:40 | YELP | sell | $45.980 | short |
2015-03-09 11:08:00 | YELP | buy | $45.960 | 0 |
Sayed, thx for the comment! Thing is: I had no reason and no plan for the trade. I missed 2 perfect entries in $WLL, got mad and started browsing again like I used to. I simply cannot hold my winners, when I have no plan before hand. However I realized my mistake, because this is the one mistake that always gets me in trouble. I scratched, tagged it as brain fart and went on to trade my plan in $WLL.
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Social media stocks tend to be tricky to day trade specially after that big flush. However it did crack later after couldn't get over that 20 ema. http://prntscr.com/6euf8q