TSCO Trade on Apr 5, 2013 14:57 from J2WS: Tradervue User Stock Trades.

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J2WS

Understand the real stop
Let the trade play out
Accept the risk

Honestly I didn't accept my risk going into this trade. The chart says the real stop is below 100. 5 points was way too much for me. So I forced myself to find a better stop that met my standards, NOT what the chart was telling me. That caused me to mismanage this trade. Had I accepted the risk, I may still be in this trade, or at the very least, gotten back in on the pull back. This turned into a 1st Pull back into mSupport after a Base play. I make those trades all the time but I failed to recognize that this time because of my inability to accept the risk.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-04-05 14:57:48	TSCO	buy	$105.100	long
2013-04-05 14:57:48	TSCO	buy	$105.090	long
2013-04-05 15:54:04	TSCO	sell	$106.100	long
2013-04-15 11:50:26	TSCO	sell	$105.480	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSCO&trade=419912&end=20130415115026&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSCO&trade=419912&end=20130415160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSCO&trade=419912&end=20130506&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSCO&trade=419912&end=20130903&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

TSCO Trade on Apr 5, 2013 14:57 from J2WS: Tradervue User Stock Trades.

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