Shared by
ahmad11
HOD breakout trade. Beautiful entry and add, but totally miss-managed. The fact that it came back in range made me nervous so I got out. Could've been more patient and accepted the risk here, which could've resulted in a major winner. Lots of opportunities for improvement here.
-0.56R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-01 09:35:35 | SRNE | buy | $14.395 | long |
| 2021-02-01 09:35:35 | SRNE | buy | $14.400 | long |
| 2021-02-01 09:36:06 | SRNE | buy | $14.430 | long |
| 2021-02-01 09:37:33 | SRNE | sell | $14.342 | 0 |
Comments
ahmad11
That's a really good point. One of the things that I noticed in my monthly review is that it's easy for me to forget the big picture at times (specially when trade is going in my favor). So, I need to keep that in mind. I also just watched my recordings of this trade (for journaling purposes), and the exit was simply silly. I should accepted the risk of the trade. I exited with a -0.56R, instead of accepting the losing of the full R (Which in retrospect would've resulted in a wonderful trade). Perhaps the add was too soon (resulting in big size and miss management). That's all to say, you're absolutely right lol
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This is a stock that has a lot of short sellers, but a lot of good catalysts. You can have more confidence in upside potential on this stock in my opinion.