MON Trade on Feb 17, 2016 14:14 from tsun: Tradervue User Stock Trades.

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tsun

 

http://truthkings.com/2016/02/17/brazil-bans-monsanto-pesticide-after-its-exposed-to-cause-birth-defects/#

  • Brazil has banned the use of this pesticide. So what does that mean? It is a clear indication that Brazil is second-guessing the Zika – Microcephaly links which have been overstated in the media for weeks now, encouraging a sad state of fear.

This is a repeating problem which I have, sizing in too much in the beginning because I FEEL as though I can handle it but in fact the move off breaking news is very fast and since I had sized in too big to start, I had no other option but to take the BIGGER loss vs a small loss or could have seen how it would act if it had gone against me. In addition, I feel as though I had missed the trade when I saw the wick showing strength on the opening move.

There is nothing wrong with my thought process in which I wanted to trade this breaking news stock, but emotion always come into play when money is attached to a set up. Had I sized in smaller or sized down when I saw the indecision candles, I could have waited to see the confirmation of break of 89, or even if it went against me a dollar, I could have added to a potential winner when the new level failed right below 90.

I need to look for the exaggerated move to either direction during the FIRST 2 TO 3 MINUTES to see there is clear panic/fear or euphoria, some type of clear overextendedness.


Execution detail:

Date/time Symbol Side Price Position
2016-02-17 14:14:32 MON sell $89.130 short
2016-02-17 14:14:41 MON sell $88.980 short
2016-02-17 14:15:40 MON sell $88.860 short
2016-02-17 14:16:11 MON sell $89.150 short
2016-02-17 14:16:49 MON buy $89.810 0
2016-02-17 14:17:05 MON sell $89.620 short
2016-02-17 14:21:25 MON sell $89.430 short
2016-02-17 14:25:12 MON sell $89.180 short
2016-02-17 14:36:15 MON buy $89.370 0


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