I've been hawking this trade since last week for this bounce to break trend. My plan was to swing it short but being Monday I got a little excited to start out with some quick profits.
I should have stuck to the plan or at least took partials. I still like this short and will look for another opportunity to enter. Next level of support is at 50.00 which if it can break that will have a nice pay day in it.
First trade +.27c
Second trade +.30c
unrelated: My broker is finally offering per share rates. I can finally practice my strategies without worrying about being eaten up by commissions. WOOOT!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-03-25 09:36:00 | EBAY | sell | $53.020 | short |
2013-03-25 09:37:00 | EBAY | buy | $52.750 | 0 |
2013-03-25 10:10:00 | EBAY | sell | $52.450 | short |
2013-03-25 10:25:00 | EBAY | buy | $52.150 | 0 |
Adding shares would have definitely been ideal here. I'm always thinking taking it all off or taking off partials. Thanks for the input!
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Wow - that got moving. One thing I like to think about when I'm reviewing trades like this is, ok, I was in the trade right where I wanted to be. It started working. How could I have absolutely crushed it and made a lot more? I try to re-live the trade and think about, given my state of mind at the time, were there signs that I should have added on? Where? How? I walk through a complete scenario in my notes of how I could have traded it, within the amount of risk I was willing to put on, and really crushed it.
Anyway, food for thought! :-)