Entered at the break of the ORB/bear flag.
I followed my trading plan but when price spiked, I feared price would reverse so I covered early. The trade could have yielded a nice $1 per share profit.
Adjustment:
- Hold your winners longer!
- Work on trade management
Psychology:
I was confident in my ability to trade the setup because it was my bread and butter BUT I allowed fear get to me and covered early.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-12 09:48:32 | LLY | sell | $80.170 | short |
2015-10-12 09:49:10 | LLY | buy | $80.030 | short |
2015-10-12 09:50:11 | LLY | buy | $80.060 | short |
2015-10-12 09:52:09 | LLY | buy | $80.000 | 0 |
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