This was the dumbest trade of the day, and any trade that I have done so far with sim trading day number 5.
I initially wanted this stock becuase of the bear flag from the daily and thought it would be green to red, but ended up being a red to green, and holding for the entire day. I tried to come in during the breakout, and that was the worse mistake. I should have stayed with my strategy and too the green to red around 12:00 pm, but I thought I was missing out, and acted with my emotion.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-02 12:21:33 | CSIQ | buy | $23.415 | long |
2016-03-02 14:43:02 | CSIQ | sell | $23.270 | 0 |
your chasing it.. get it close to supports. the farther you are from supports the more tired a stock will be and it will have a need to retrace
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At least you know this wasn't a good idea :) Chasing something into highs, and during lunchtime hours no less, kills any good r/r you might have had.