Shared by
andylam
Bought in too early with my half size.. rode it out but was driving to work when it started making the move up so didn't get a chance to add to my full size. Was greedy and did not want to waste my day trade on some pretty decent profits.
Finally added the other half size to make my full position and things were moving along. Got greedy and wanted more than 25 cents on my full size and was thinking it could reach 7.40s again. Then shit hit the fan 15 minutes before close and it tanked a good 50-60 cents...
I got bent over on this one. Biggest loss to date due to greed and FOMO.
12/22: Tanked even more today.. down below 6.00 now.. too nasty. Hitting my limit here and will cut it tomorrow.
12/28: Was super stubborn on this and ate shit.. When I was in a decent position to get some gains back, I was already too emotional on this stock and got out for no reason and then it ramped. Could have gotten back at least half of my losses.. Remember this trade and burn it into your brain! Worst trade ever.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-12-21 10:02:13 | TVIX | buy | $7.000 | long |
| 2015-12-21 14:17:14 | TVIX | buy | $7.030 | long |
| 2015-12-21 15:58:39 | TVIX | sell | $6.761 | long |
| 2015-12-24 09:42:53 | TVIX | buy | $6.000 | long |
| 2015-12-24 12:30:22 | TVIX | sell | $5.940 | 0 |
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