FLGT Trade on Mar 17, 2021 11:41 from thebadtrader: Tradervue User Stock Trades.

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thebadtrader

 

-The overall market was weak on open, sat on hands.
-Picked up near the end of day
- Breakouts were strong though. Didn't see them fading like yesterday.
- Chased because it was a 5+ star setup

-Stop 111.26, tight stop, not ideal, likely to get stopped out.
Need to set alerts to get into stock as they break out.
- Edit: Moved to stop back down to opening day lows as per the trading plan. The loss will be bigger but better to stick to the plan.
- Should not have chased, skewed risk-reward is a result of chasing. DO NOT CHASE

  • Edit: Stopped Out 19/03/2021

Painful Lesson
- Chased, then punished myself by placing a stop at the right place rather than close.
- Will not chase again.


Execution detail:

Date/time Symbol Side Price Position
2021-03-17 11:41:05 FLGT buy $117.600 long
2021-03-19 10:02:01 FLGT sell $102.620 0


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