Holy crap was this trade a mixed bag of emotions today. Got in on the 5' break over 52.50 and got out of 2/3 of my position at the top of the first move at 52.89. It went on to consolidate for awhile and then finally rallied up pretty nicely and I had a sell order in at 53.18 and it ended up going to 53.17 and not getting me out. I had a stop limit in under the nice 2' base it made at 53.05 just so I could lock in my profits and not let it come back in on me. Just as this was about to trigger and get me out BOOM platform crashes and I get all these garbage error messages (damn suretrader) and what do you know the stock comes way back in and im stuck in it. Switch back to the 5' chart to get out but once it got back up to that 53.05 I got all emotional again and thought thank god I get my price after all and sold my last 1/3. Such an emotional decision and this was not a sell setup here and the stock went on to rip another 70 cents! Going to learn to get less emotional about things like this in the future. Still a great trade for the money aspect but could have been 4R's easy!
NET: +2.07R
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-18 10:11:53 | ROC | buy | $52.530 | long |
2013-01-18 10:36:17 | ROC | sell | $52.890 | long |
2013-01-18 12:21:59 | ROC | sell | $53.050 | 0 |
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