I believe the first order was a complete mistake (phone trading). I toggled the wrong order type and it sold my position instead of setting a stop order.
I made up my losses later, but only enough to cover commissions :/
Perfect bull flag setup @ the $4.20 range. I probably would have taken a larger position had I not messed up my first trade. But the WIN in this whole trade is that I understood that I had made a mistake, and didn't let that get to my head.
No revenge. No doubling of size to 'make up' for the mistake, etc. Just looked for the right opportunity and nailed it. No scaling out as I didn't have time to watch the stock later. Just sold it when I was ITM on the pop.
Mental trade success: 80%
Paper trade success: 50%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-03 12:40:44 | CHK | buy | $4.190 | long |
2016-03-03 12:43:00 | CHK | sell | $4.130 | 0 |
2016-03-03 13:24:52 | CHK | buy | $4.210 | long |
2016-03-03 13:48:26 | CHK | sell | $4.270 | 0 |
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