Turned a winner into a loser. I entered 200 shares at 84.04 and had a mental stop at 83.70. The stock climbed almost $2.00 dollars after my entry, why on earth would I not be scaling out!?! Once I snoozed on my exit during the morning rally I placed a stop at 83.50 hoping the stock would find support above this level and we would see another run back up to its HODs. Unfortunately, my stop was triggered and I was out of the trade at 83.48. If anything I should have been looking to re-enter once it remounted the EMAs and made its run up to 86.50 where hopefully I would have been smarter and scaled out during the rally.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-30 10:14:04 | SCO | buy | $84.040 | long |
2015-03-30 12:42:23 | SCO | sell | $83.480 | 0 |
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Ouch. What were you thinking? Or not thinking? Sooooo much profit to let go of.