Shared by
James_BOWSsim
This was my first royal screwup of the week. Shorted AMZN when I saw it break the VWAP and test the 9 EMA. As I set my stop I accidentally put 5.80 instead of 580. Got stopped out instantly because of a typo/ mental error. Could have had a nice $2+ run too...
That was frustrating enough, along with my cloudy market expectations for the day. After this I stopped trading for the day due to emotions beginning to cloud my judgement. I was up 140 and thats basically my daily goal in the beginning, to make over $100 a day and grow my acct. Need to stop making these newb mistakes asap. I just couldn't think straight after this so I browsed the chatroom until about noon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-19 10:09:47 | AMZN | sell | $578.100 | short |
| 2016-01-19 10:10:04 | AMZN | buy | $578.010 | 0 |
Comments
James_BOWSsim
You're right there is almost always a chance to remount if the pattern is still there. I got mad and brought up another chart, so I ended up missing it haha.
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Been there and done that. Irritated me to no end, at first. The more trades you make, the fewer of those kinds of mistakes you make. Remember that you can always re-enter, and probably even at a better price, so those kinds of screw-ups don't have to get into your "mental capital".