Tags:
disaster trade, I had the right idea in mind, saw the change in character occuring on the tape when we were rejecting 10.5-10.3, I started getting short but I second doubted myself and took the trade off on this weird wick at 10.42. I tried getting back in but I wasn't patient enough and since it wasn't confirming my thesis right away I took the trade off again. SSR was on so it was tough to get back in after that. Complete lack of trust in my system, this should have been a pretty good win.
The problem here is my stop placement and the structure of my plan. I should have picked a pivot high and just stick to it (10.5 for example). I need to be willing to be wrong in order to make money, not every trade goes into your direction the second you get in.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-09-24 13:10:20 | MRIN | -73 | $10.300 | -73 |
2021-09-24 13:10:20 | MRIN | -200 | $10.300 | -273 |
2021-09-24 13:10:20 | MRIN | -100 | $10.300 | -373 |
2021-09-24 13:10:20 | MRIN | -100 | $10.300 | -473 |
2021-09-24 13:10:21 | MRIN | -100 | $10.300 | -573 |
2021-09-24 13:10:21 | MRIN | -300 | $10.300 | -873 |
2021-09-24 13:10:21 | MRIN | -57 | $10.300 | -930 |
2021-09-24 13:10:21 | MRIN | -1070 | $10.300 | -2000 |
2021-09-24 13:12:08 | MRIN | 4 | $10.300 | -1996 |
2021-09-24 13:12:08 | MRIN | 175 | $10.300 | -1821 |
2021-09-24 13:12:08 | MRIN | 604 | $10.300 | -1217 |
2021-09-24 13:12:44 | MRIN | 1217 | $10.357 | 0 |
2021-09-24 13:16:12 | MRIN | -200 | $10.230 | -200 |
2021-09-24 13:18:02 | MRIN | -90 | $10.238 | -290 |
2021-09-24 13:18:03 | MRIN | -300 | $10.230 | -590 |
2021-09-24 13:18:03 | MRIN | -496 | $10.230 | -1086 |
2021-09-24 13:18:03 | MRIN | -750 | $10.230 | -1836 |
2021-09-24 13:18:03 | MRIN | -450 | $10.230 | -2286 |
2021-09-24 13:18:03 | MRIN | -150 | $10.230 | -2436 |
2021-09-24 13:18:03 | MRIN | -154 | $10.230 | -2590 |
2021-09-24 13:18:03 | MRIN | -146 | $10.230 | -2736 |
2021-09-24 13:18:03 | MRIN | -190 | $10.230 | -2926 |
2021-09-24 13:18:03 | MRIN | -100 | $10.230 | -3026 |
2021-09-24 13:18:03 | MRIN | -100 | $10.230 | -3126 |
2021-09-24 13:18:03 | MRIN | -1374 | $10.230 | -4500 |
2021-09-24 13:19:44 | MRIN | 4500 | $10.259 | 0 |
2021-09-24 13:32:11 | MRIN | -10 | $9.965 | -10 |
2021-09-24 13:32:11 | MRIN | -2 | $9.970 | -12 |
2021-09-24 13:33:26 | MRIN | 12 | $9.910 | 0 |
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