By this point in the day I wasn't down but I was barely up. When this happens I usually start throwing darts at whatever I see and stop trading the chart. I was aware this was happening at the time but I did not listen because I was solely focused on making up for my poor trade management decisions in the morning. This stock was running into a war zone on the daily. I was to zoomed in to notice this and I seen the stock testing the 13.12 level all day while also making higher lows. I went long 500 shares at 13.14 as soon as it broke this level. I was using a mental stop on this at 13.04 but did not follow it. Instead, I ended up selling directly on support at 13.08. Although the daily chart was ugly, if I would have been a bit more patient and followed my stop I could have potentially caught the second breakout to 13.32. Nonetheless an ugly trade and one that should have been passed on.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-10 12:50:40 | RJET | buy | $13.140 | long |
2015-03-10 13:46:10 | RJET | sell | $13.080 | 0 |
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