IMMU Trade on Feb 5, 2016 09:53 from Naeva: Tradervue User Stock Trades.

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Naeva

Omgg I trade so scared. I think my stop losses have a problem.
I bought when the 2.2 broke and I almost exited the trade cause my stoploss has hited (it was 2.2). My objective was 2.45 (premarket high)
Then I added when the hod broke at 2.33 but then it started to go down and scared, I sold...
Then, frustraded, I bought again and resold.
Later on the day, I saw that the 2.45 level was about to break, it did with volume.
I sold may be too late cause it did not go the way i wanted.

I think that I know what my problem is thanks to this trade. I just can't follow my plans. I take a loss too soon because I'm afraid of ticks. Or I exit too late.
I don't know what to think.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-02-05 09:53:00	IMMU	buy	$2.230	long
2016-02-05 09:56:00	IMMU	buy	$2.330	long
2016-02-05 09:59:00	IMMU	sell	$2.270	0
2016-02-05 10:01:00	IMMU	buy	$2.400	long
2016-02-05 10:05:00	IMMU	sell	$2.400	0
2016-02-05 10:37:00	IMMU	buy	$2.470	long
2016-02-05 10:41:00	IMMU	sell	$2.390	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IMMU&trade=4200309&end=20160306&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IMMU&trade=4200309&end=20160205105500&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IMMU&trade=4200309&end=20160205112500&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

rogomon

2016-02-05 15:53:32

I know how you fee. What I've found that helps is:

Trade tiny until you build confidence (e.g. 100 shares). Even if Net PnL is negative after commissions, who cares? At least you traded your best (unemotionally) and learned how to manage a trade.
Aim for almost perfect entries. Buy into weakness/dips. Never buy into spikes/strength.
Watch the 2, 5 and 15 minute charts instead - less choppy.
Identify your potential loss according to your stop loss and accept it. Either the trade is going to work or isn't. Let it play out.

All easier said than done. I'm still practicing/improving on these constantly :-)

Best of luck!

IMMU Trade on Feb 5, 2016 09:53 from Naeva: Tradervue User Stock Trades.

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