Day Chart: Stalking breakout
Buy: 3rd attempt today. Thought I saw a triple tapper to 4.30 breakout, higher lows all day. Although I heard the disciplined voice telling me I'm buying too high, I responded by saying, 'shut up. I'm okay with it'. Eager beaver.
Sell: big flush towards end of day, don't see why I should hope for a rebound at this point. Take the loss - when you make mistakes, you must pay.
Lessons: risk of buying near highs is way more damaging to capital/risk management. You cant go broke missing opportunities, but you can def go broke losing your bullets. At this point, should have accepted the fact I'm not in early enough and be okay with it leaving without me. After reviewing all trades earlier, I see where my mistakes were.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-15 14:09:00 | SZYM | buy | $4.270 | long |
2015-04-15 15:22:00 | SZYM | sell | $4.110 | 0 |
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