Shared by
handycandi_BOWS
Bought when remounted all MAs, but chased; set stop under lowest MA, which was crappy ratio. It went up and I missed a good sell spot for half my shares because I was in another stock at the same time, which I'm not supposed to do per my own rules. Moved stop to under VWAP. Sold half into spike, moved stop to buy price. Sold fourth into another spike. Moving stop to stay under 9EMA. Was watching as it formed several patterns, but couldn't get in without chasing because it moved so fast and had a huge spread. Sold remainder into spike, getting crappy fill because of the spread. AAAAAHHHHH! What happened to getting the homerun, Candi? I was excited because that put me up for the day after my huge loss earlier. Not on my reasons to sell list.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-01 10:02:51 | TRIL | buy | $21.540 | long |
| 2015-04-01 10:08:57 | TRIL | sell | $21.720 | long |
| 2015-04-01 10:12:05 | TRIL | sell | $21.910 | long |
| 2015-04-01 10:45:40 | TRIL | sell | $22.790 | 0 |
Comments
kunal00
its a chase and yes sometimes u will ahve instincts on it but when ur live ur reaction times will be slow u will be more reactive when u had a bad entry when ur live this type of trade becomes an account buster the spread is so huge and u wont want to sell and then u will pause and then plop ur down a buck!
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Nothing wrong with chasing that as your instincts were correct. Your feelings told you its probably going higher as the sentiment has changed. You know the logical stop is below the spike so trade small size. Once you get the breakout above the HOD and it holds you can move your stop to breakeven and look for a move based on the height of the opening range or the entry bar. Good trade!