Shared by
tdktown
trade#3
This was a disaster. I got in on a little pullback. I was really close to my weekly goal so I just needed a quick pop (about .5r) and I could quit for the week. So it actually gave me the pop and I thought I would trail it. ALWAYS TAKE YOUR TARGET!!! So then it dropped and then I was on edge and pissed. I actually had a stop limit order for my stop instead of stop market. So it dropped passed my stop and did not fill. I was up almost 5r at the time so I justified it and said I would give it more room. Sometimes emotions get us.
Net: -2.23r
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-12-28 10:33:09 | HLF | buy | $30.440 | long |
| 2012-12-28 10:45:13 | HLF | sell | $30.000 | long |
| 2012-12-28 10:45:34 | HLF | sell | $29.990 | 0 |
Comments
tdktown
for sure, thankfully recovered and still hit the goal with the next trades and then quit ;)
derekrucki
Obviously you have much more trading experience than I do and I am trying to learn as much as I can from your trades. But I am just wondering why you always stop trading completely once you reach your 10R target? If I ever have a big week I feel like that is when I want to keep on trading because I am really in tune with the market and the strategies that are working best. Just curious, cheers.
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Happens to the best of us man. Just suck it up and move on. Live and learn! :)