Shared by
wperiman
Really a bad trade. Not just because I lost immediately. Entered the trade on FOMO. Saw MB call it out on Twitter as a flag, which it was, and entered with 1/2 position size with intent of adding on breakout.
The good: Knew the flag UNDER the breakout spot on 2nd "tap" was a bad setup so limited my size. Entered the trade short later on a bear flag.
The Bad: Took the trade in the first place out of FOMO when I saw another trader (albeit a very good one) call it out. It's almost as if I felt guilty for my winning trades and just had to give some back. GRRRRR....
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-15 11:47:11 | CPXX | buy | $7.890 | long |
| 2016-03-15 11:49:42 | CPXX | sell | $7.460 | 0 |
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