Shared by
PlatinumG
it was a mini flag/ pullback trade. Put the stop right under the 9EMA and the stock had a quick pop, and after it started to pullback and I got scared and I sold all my shares instead of leaving some for tbe lotto and unfortunately the stock went for another run.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-06-01 14:30:01 | ADXS | buy | $27.280 | long |
| 2015-06-01 14:30:14 | ADXS | buy | $27.280 | long |
| 2015-06-01 14:30:24 | ADXS | buy | $27.282 | long |
| 2015-06-01 14:30:26 | ADXS | buy | $27.286 | long |
| 2015-06-01 14:35:59 | ADXS | sell | $27.380 | long |
| 2015-06-01 14:35:59 | ADXS | sell | $27.390 | long |
| 2015-06-01 14:36:13 | ADXS | sell | $27.381 | 0 |
Comments
PlatinumG
Hey thanks for hthe feedback appreciate it. Do u have signals or methods you use that help with holding on to a stock and letting it play out than after the first pop.
JDN6832_BOWS
Ya tons. But in this case I would have been using the 9 ema for a stop.
http://prntscr.com/7c4ich Notice it never really crossed it all day and had a relationship with it all day.
okay I understand man once again thanks for the feedback, it helps a lot. I guess for me, I guess I still have a chip on my shoulder because when I used to trade live before, one of my biggest mistakes were that I turned my profits into losses, guess I just don't want to repeat that.
No problem! Don't let past experiences affect your trading now. It took me a while but I have a plan before every trade. If you know what you are looking for you just should set your stop and forget it. Thats what I do now. Are you a member of BOWS?
Yea man that' is something I have to work on. Do you primarily focus on swing trading? Yea man i am a member of BOWS, part of the BVC19 class. It sounds like you've been part of the BOWS community and learning stocks for a while.
About 18 months now. I just day trade. Everything changed for me when I zoomed out on stocks, focused on the bigger time frames, and focused on just a few set-ups.
Ahhh I see, Thats What I try to focus on as well, just really good and clean looking daily charts and then look for specific setups in the 5 min charts. Just have to be more disciplined though and control emotions. Hey man do you have a google + account, that I can follow you in. You are really helpful and you seem like you have simplified the trading process.
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You gotta let a stock do its thing. If you aren't willing to take the risk you shouldnt be trading.