Shared by
Constantine_BOWS
I don't really know, why I decided to short this stock. I guess, my emotional capital was blown up with $FIT. And every trade I made, it was just poor attempts to cover my previous losses. Instead of waiting till the pattern was built in this stock, I was trading my bad mood.
As you can see at the 5 min chart, if I waited, I could play a flag break out with three taps there with a pretty good gain in it. But I did what I did.
I did not want to cover my losses, so I began to add to my loosing position in hope, I will cover my loss. Yes, I covered this one break even, but I will never trade in such way again. I was stupid yersterday.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-07-02 10:25:16 | JUNO | sell | $54.850 | short |
| 2015-07-02 10:35:10 | JUNO | sell | $55.410 | short |
| 2015-07-02 10:42:40 | JUNO | sell | $55.770 | short |
| 2015-07-02 11:13:40 | JUNO | buy | $55.300 | 0 |
Comments
Constantine_BOWS
Kunal, it's hard to say what drove me to short this stock in the beginning.
You ask me a good question, that I should ask myself before I did this trade. I have made a mistake and I will learn from it. Thank you so much, Kunal.
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what was ur setup on the daily or your 2nd and 3rd adds on juno?