a bad trade. someone called this out in the chatroom and i bit. didn't read the chart well, just kinda got in. deserved to lose. added at ma's. this is an example of how 1 trade can ruin your whole day though. where i added, i had at most 10 cents til my stop out(near term support). but i thought i added at support so i held like a gambler, thinking "oh it'll surely bounce any second now". then i said i'll sell at vwap,65.45. gambled it right on down. at this point, i made the decision that this trade was going to make or break the day. and it was cuz i just jumped in without having a plan, without a setup. at 65 i think i would've been around max loss for the day so luckily it didn't there. and did get lucky cuz it bounced to 9ema so i sold off there to try to minimize my loss. eventually got to my add spot but then fell back down. that's the spot/time where you should turn it around and short there, but i was just so wrong and so down pnl and emotionally with this stock i just left it alone.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-10 14:11:16 | KITE | buy | $66.210 | long |
2015-03-10 14:14:43 | KITE | buy | $65.900 | long |
2015-03-10 14:44:45 | KITE | sell | $65.630 | 0 |
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