Shared by
parkergreen
This trade would have worked but I moved my stop down from where I originally set it and got stopped out right before the price fell. I should stick to the plan because 90% of the time I screw myself out of a good trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-22 09:48:26 | CMRX | sell | $5.340 | short |
| 2016-02-22 09:48:26 | CMRX | sell | $5.340 | short |
| 2016-02-22 10:03:11 | CMRX | buy | $5.402 | short |
| 2016-02-22 10:03:11 | CMRX | buy | $5.400 | short |
| 2016-02-22 10:03:11 | CMRX | buy | $5.400 | short |
| 2016-02-22 10:03:11 | CMRX | buy | $5.400 | short |
| 2016-02-22 10:03:11 | CMRX | buy | $5.400 | short |
| 2016-02-22 10:03:15 | CMRX | buy | $5.401 | short |
| 2016-02-22 10:03:16 | CMRX | buy | $5.402 | 0 |
Comments
parkergreen
2016-02-24 17:54:23
Thanks for your input I appreciate the extra help! I agree with your point on scaling in and will give that a try!
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It seems a double edged sword. 1. You want to get in early in anticipation, but 2. then it's hard to know when to stop out. To me, the equalizer is to get in early with very small size and scale in when the pattern becomes more clear. http://screencast.com/t/GXJOZAxUI
If your stops are consistently too tight, it means you're likely sizing in too much on entry. Also remember that you can always reenter when the pattern makes more sense.