IBM Trade on Feb 3, 2021 11:10 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Followed by pure stubbornness and benting of my own rules.

A. Give yourself a proper chance to recoup

Keep Lossers in check
Be mindful of the losing positions and keep them in-check (filler - Tier 0 size), so that you can quickly recover from the loss. DO NOT ADD MORE SIZE on a) losing positions, b) trades that don't work as expected, c) when you feel the heat, under pressure, cornered.

a) For starters, I had no reason to revisit this trade as it never played out as expected per premarket plan.
b1) I re-entered short vs $119 resistance, immediately went against me and...I added more.
b2) I added another two times despite being under-pressure & cornered, knowing the squeeze it was about to come. And it did.

B. Stupid actions deserve and always yield (one way or another) stupid losses

The feeling of getting squeezed for a big loss only to see it back down 1sec later.

That put a gravestone in my day.

image


Execution detail:

Date/time Symbol Side Price Position
2021-02-03 11:10:26 IBM sell $118.550 short
2021-02-03 11:10:26 IBM sell $118.550 short
2021-02-03 11:22:38 IBM sell $118.770 short
2021-02-03 11:39:49 IBM sell $118.770 short
2021-02-03 11:48:08 IBM sell $118.800 short
2021-02-03 11:48:08 IBM sell $118.800 short
2021-02-03 11:53:59 IBM buy $118.946 short
2021-02-03 11:53:59 IBM buy $118.946 short
2021-02-03 11:53:59 IBM buy $118.950 0
2021-02-03 12:02:46 IBM sell $118.610 short
2021-02-03 12:03:19 IBM buy $118.660 short
2021-02-03 12:03:19 IBM buy $118.660 short
2021-02-03 12:03:19 IBM buy $118.660 short
2021-02-03 12:03:19 IBM buy $118.660 0


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