Shared by
tee
Day Chart: Stalking breakout on daily
Buy: watching opening action, dipped, 3 bar consolidation, potential rebound/continuation up.
Bought above congestion high (3.95) @ 3.98 - possible too slow
Sell: tested 4.28 highs again and since felt the strong need to make money (trade pnl) I held (greed). didnt want to scale half although commissions wouldnt have hurt and trying to make back earlier losses. could have sold all and been okay, but wanted that final push above 4.30.
Used hard stop at 4.02 to leave desk, low was 4.01. Trade got bottom ticked.
Lesson: stalk for better entries, scale or just sell all using technical levels (broken EMA/VWAP support lineS).
Instead of taking consistent gains, I tried to make it all back, FOMO and now even though trade is profitable, my trading mentality got shook. Moving forward, that's going to leave a mark. Would you rather regret not taking profit or regret leaving money on the table?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-15 09:58:00 | SZYM | buy | $3.980 | long |
| 2015-04-15 11:12:00 | SZYM | sell | $4.020 | 0 |
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