ICLD Trade on May 14, 2015 09:40 from tee: Tradervue User Stock Trades.

Day Chart: thought I saw a double bottom potential off near the 9ema, yesterday's low and this morning's low

Buy: Tried for the ORB but was late. After seeing yesterday pay off I decide to chase and used day low as my stop. I was willing to accept the risk, although larger than I should be taking per trade. Almost full day's risk but I convinced myself that it's the nature of the morning trades - high risk, high volatility.

Sell: stopped out. I had several chances to get out (it was weak at holding $4 and didnt reach the $4.10 I was ready to sell at; it bounced back to $3.85 area, which was resistance off MAs, good short spot). I convinced myself to not be such a big pssy and let the stock work.

Lesson: objectivity. distinguish when its time to let the stock work or if there's no reason to be in the trade at all. stay mechanical. Real entry was $3.92 and stop should have been $3.95 (lowest ema) to show weakness under $4 and failure to hold EMA support for more upside. One positive is I didnt re-enter this name on any remounts of the MA, trying to make it back on this stock.