PERI Trade on Jan 8, 2013 09:38 from kumarBOWS: Tradervue User Stock Trades.

Jumped the gun outta the gate and bought this one way too early. No clear pattern set up, clearly a chase for a another push after it's already gapped up. Added a few shares to my losing position (a big fucking no no) to get my average down and it ended up dropping some more so I took it off for a pretty significant loss. Never a good way to start the morning.

Second trade, Re-entered, now with a bottom in and a clear set-up forming. I went in with a tiny position and took a quick .30 from it. Didn't even recoup a quarter off my loss from the first trade. All good though, this was a well executed trade which I could have managed a bit better. But starting off with a big loss right off the bat, I'll take any profits I can get.

Hindsight:

Yes, hindsight is always 20/20.

Overall these two trades are a great contrast between the difficulties I'm having, and where I need to be with my trading. Unfortunately I have a huge habit of jumping the gun and chasing trades when I really just need to sit back and let these trades develop. Slowly, very slowly, I'm starting to learn this.