Shared by
brian_g_BOWS
Not a good set up. Went short 400 shares at 31.53 and placed a stop above new HOD risking .10 or $40. When the stock moved down some I moved the stop near my entry and later got taken out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-20 12:17:15 | INTC | buy | $31.530 | long |
| 2015-03-20 13:12:15 | INTC | sell | $31.550 | 0 |
Comments
brian_g_BOWS
Steven, good thinking. Normally I would have taken initial profits but there was no set up here and the trade should not have been taken. Before I took the BOW bootcamp I would take these kind of trades and a few would work out for pennies but most would go against me because I had no plan and no money management skills. As soon as I placed this trade I knew I had gone back to my old ways. I did NOT want a profit on this trade because if there was a profit I would have started traded my old way again. I stopped trading for the day as soon as I took this trade. The bad thing is if I would have just waited it set up later for a nice short.
Hope this makes sense.
StevenBurt_BOWS
Sorry man after revisiting this I realize that I had thought you shorted. My mistake sorry. LOL you must have been scratching your head with my response.
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just a thought. Why not sell some into the initial move, book a little and move your stop? with 400 shares you could book some and keep some for a bigger move.