Shared by
J2WS
- Focus on Bigger Picture Idea
- Missed the real trades which led to...
- Chasing non-optimal trades.
GMCR was In Play due to really great earnings. I did not participate in any of the real trades. Instead I just saw a 5min pull back and got in, then added because I was getting paid at the time. While it is possible to make money from these trades, that's not where I want to focus on. I want to focus on bigger picture ideas.
I should have gotten in any of the circled areas above instead of trying to find something in between. The next real trade is above the highlight area. Instead I traded the slop leading up to it.
More of this review here:
http://journeytowallstreet.blogspot.com/2013/05/wake-and-bake-gmcr.html
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-10 13:31:01 | GMCR | buy | $76.599 | long |
| 2013-05-10 13:43:30 | GMCR | buy | $77.089 | long |
| 2013-05-10 15:30:09 | GMCR | sell | $76.670 | long |
| 2013-05-10 15:30:09 | GMCR | sell | $76.670 | long |
| 2013-05-10 15:30:09 | GMCR | sell | $76.670 | long |
| 2013-05-10 15:30:14 | GMCR | sell | $76.690 | long |
| 2013-05-10 15:30:14 | GMCR | sell | $76.700 | long |
| 2013-05-10 15:30:14 | GMCR | sell | $76.700 | 0 |
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