CF Trade on May 10, 2013 11:32 from J2WS: Tradervue User Stock Trades.

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J2WS

 

image

  • Executed Bigger Picture
  • Developed Trading Plan and followed through
  • Held through the pain and did not let emotions affect my decision

Although I took a huge rip on this trade I actually don't hate it. I took my time to develop an

idea
, which was an Inverted Head and Shoulders pattern. I knew what my real stop had to be. Maybe I was in a bit too much size, I'm sure I was, but my idea was there but the trade didn't work out. I can't let one big loss deter me from taking these calculated risks.

It was a good experience though. In the past, just seeing that huge red blemish in my account used to get my heart racing and cause me to do dumb things, like over trade, revenge trade, close out of everything, even winners, etc. etc. In this trade, emotional less... just a part of trading.

There still might be a chance to get back into this trade, for example if it pulls back further but makes a higher pivot low or if it breaks through the recent pivot high of 197.50~. This won't be completely off my radar but I'm done with this trade for now.


Execution detail:

Date/time Symbol Side Price Position
2013-05-10 11:32:50 CF buy $193.065 long
2013-05-10 14:45:29 CF buy $194.089 long
2013-05-15 14:43:33 CF sell $189.520 long
2013-05-15 14:43:33 CF sell $189.600 long
2013-05-15 14:43:33 CF sell $189.520 long
2013-05-15 14:43:33 CF sell $189.520 0


Comments

2013-05-27 21:45:15
 

Looks like you bought this a bit too high. Entry was probably better on the daily flag break around $185-186. Most of the easy money was gone at the point you entered

2013-05-28 02:59:22
 

This was my failed attempt at an Inverted Head and Shoulders. Lots of emphasis on the failed!

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