Shared by
Boston
Saw the flag at the beginning of the day and took it but sold waaaaaay to early. I then waited for a pull back or another flag to form and took that with a small gain due to it not working out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-06-30 09:52:19 | SGNL | buy | $2.102 | long |
| 2015-06-30 09:52:54 | SGNL | sell | $2.210 | long |
| 2015-06-30 09:53:16 | SGNL | sell | $2.220 | long |
| 2015-06-30 10:00:39 | SGNL | sell | $2.240 | long |
| 2015-06-30 10:02:57 | SGNL | sell | $2.280 | long |
| 2015-06-30 10:04:20 | SGNL | sell | $2.320 | 0 |
| 2015-06-30 10:31:32 | SGNL | buy | $2.730 | long |
| 2015-06-30 10:31:32 | SGNL | buy | $2.730 | long |
| 2015-06-30 10:44:59 | SGNL | buy | $2.820 | long |
| 2015-06-30 10:46:12 | SGNL | sell | $2.840 | long |
| 2015-06-30 10:49:36 | SGNL | sell | $2.810 | long |
| 2015-06-30 10:50:42 | SGNL | sell | $2.815 | 0 |
Comments
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You said you sold too early. I can definitely see that with the power of hindsight. But I think it's more important that you know your "reasons to exit" a trade and then to follow it. Perhaps in this case you followed your rules perfectly, I don't know your rules, but I see so many where people exit because "it wasn't moving fast enough" or "just wanted to book profit", etc.
One more suggestion: I notice that you rarely, if ever, tag your trades. Highly suggest that you tag each trade with whatever makes sense to you, but at least the setup that you saw. Maybe even your reason to exit. That way you'll be able to look at a statistical report on what you do well vs what you don't do so well at.