KITE Trade on Mar 31, 2015 12:34 from Driver42_BOWS: Tradervue User Stock Trades.

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Driver42_BOWS

 

The profit looks good but this was a bad trade that luckily went my way.
I shorted this on a bear flag, then watched as it broke the trend line and popped over the 20ma.
I should have exited it then, but I stubbornly held on as there was more resistance on both the 15 and 30min charts.
Just as I decided to exit for twice my normal stop loss I accidentally shorted it again instead of covering it.
Straight away the price dropped on me so I put a stop for it all immediately above the top of the move.
I stupidly didn't take profit when it came back to my initial entry point and I watched it go back up almost to stop me out.
The I got a relief drop and booked some nice profit.
A badly managed trade, where I violated my stop and stubbornly refused to take profit after it was handed to me on a plate. I was very lucky with this trade.


Execution detail:

Date/time Symbol Side Price Position
2015-03-31 12:34:00 KITE sell $58.330 short
2015-03-31 13:35:00 KITE sell $58.860 short
2015-03-31 15:14:00 KITE buy $58.150 short
2015-03-31 15:16:00 KITE buy $58.050 short
2015-03-31 15:30:00 KITE buy $57.670 0


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