Bought for the push to new highs and was shaken out when it dipped back under 31.00. Had I had a reasonable stop in place, this would have kept me in the trade.
Unfortunately, with the changing markets and everything flying left and right, I've grown squirrely and built a bad scalpers mentality chasing trades in fear of missing out. This seems to be an ongoing pattern with my trading this month. Too many quick in and out trades. What I really need to do is take a step back, wait for the perfect set up and trade accordingly.
Hindsight:
This was a great set up, breaking through 31 and then beginning to slowly tighten up around that level showing no real signs of weakness. Patience and a wide stop would have paid off on this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-31 10:42:00 | HLF | buy | $31.000 | long |
2012-12-31 10:48:00 | HLF | sell | $30.900 | 0 |
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