Shared by
Darrin116
First day on the simulator. Horrible trades. Was going for a red to green got impatient and bought not wanting to miss the run. Stopped out. Did not want to start the day with a loss so jumped in lower. Got close to my, stop which was at the lower end of the Bollinger, moved stop down. Stopped out again.
Lessons learned if set up is not there, don't take it. Stops are there for a reason, don't move them unless moving up on a long or down on a short.
Shares were calculated on a 1% risk factor. Lost max for day...Finished
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-10 09:32:16 | KO | buy | $43.360 | long |
| 2016-02-10 09:33:08 | KO | sell | $43.100 | 0 |
| 2016-02-10 09:40:06 | KO | buy | $43.070 | long |
| 2016-02-10 10:25:34 | KO | sell | $42.790 | 0 |
Comments
Darrin116
Thanks for the feed back. The worst part is I knew it and acted irrationally anyways. The thought even went thru my head "it's opening green, it's not a r to g" I do know better and will try to trade on what I know, not what I feel.
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I agreed with your initial thesis that KO could go R/G. Problem was that it opened green, then went red. Can't have a Red to Green if stock opens green first.
Otherwise, sounds like you are pretty well aware of what didn't go as you hoped. Don't worry about it, really! Just take the lessons and create a plan of how to not duplicate the errors. That's key.. create a plan. Don't just say, "I'm not going to do that anymore". THAT was why I blew up my first account. :)