This is a perfect example of two things:
1) why I should always take the income trade when it becomes available to me. What this means is that I should take my original risk off the table once the market makes it available to me. For example, if my original risk was .10c, if the market gives me .20c, I should take 1/2 of my position off so that I lock in a few bucks. Even if the second half comes all the way back to my stop price, I still end up making a few bucks.
2) Why I shouldn't add to my original entry (for now at least) because it messes with my average entry price and messes with my head. Had I left my stop where it was, this would have been a $115 trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-13 09:37:39 | SUNE | buy | $4.540 | long |
2015-11-13 09:49:58 | SUNE | buy | $4.750 | long |
2015-11-13 09:51:26 | SUNE | sell | $4.700 | long |
2015-11-13 09:52:25 | SUNE | buy | $4.710 | long |
2015-11-13 09:52:45 | SUNE | sell | $4.650 | long |
2015-11-13 09:52:45 | SUNE | sell | $4.650 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!