Once again, I had FOMO from missing the big moves of the day. JMEI was already VERY choppy to my liking, yet I chose to get into a trend that I didn't really understand. I saw it flag in the beginning, I missed my entry by like 5 Cents. I chose to get in anyways with a chasing size position. It took NO momentum to the upside. I bought it too early for any anticipation of a R/G move. so I really had no real play. I took a loss with the size I would have been comfortable with, but it was an unnecessary loss soley because of the fact that I had no real plan. And a trade with no plan is no trade at all.
I then switched sides to a short because I saw a small bear flag with MAS pointing down. I entered the trade ill didn't get the crash that I wanted. So I just got irritated and covered my shares for a 4 cent profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-12 14:02:28 | JMEI | buy | $25.925 | long |
2015-05-12 14:02:28 | JMEI | buy | $25.920 | long |
2015-05-12 14:03:52 | JMEI | buy | $25.840 | long |
2015-05-12 14:11:19 | JMEI | buy | $25.845 | long |
2015-05-12 14:29:40 | JMEI | sell | $25.820 | long |
2015-05-12 14:29:40 | JMEI | sell | $25.820 | 0 |
2015-05-12 14:31:54 | JMEI | buy | $25.880 | long |
2015-05-12 14:32:10 | JMEI | buy | $25.880 | long |
2015-05-12 14:32:10 | JMEI | buy | $25.880 | long |
2015-05-12 14:32:10 | JMEI | buy | $25.880 | long |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | long |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | long |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | long |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | 0 |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | short |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | short |
2015-05-12 14:50:05 | JMEI | sell | $25.750 | short |
2015-05-12 14:50:05 | JMEI | sell | $25.752 | short |
2015-05-12 15:00:33 | JMEI | buy | $25.710 | short |
2015-05-12 15:00:33 | JMEI | buy | $25.710 | short |
2015-05-12 15:00:33 | JMEI | buy | $25.710 | short |
2015-05-12 15:00:33 | JMEI | buy | $25.710 | 0 |
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It was the 1st down day after 3 day run. Stock some time needs rest. there were no setup here to go long. just let it chill.