Shared by
MAllum_BOWS
Birthday Trading: Again, thought NUGT was resting to run up again, so I bought & bought again when it went a little lower. Disregarded my risk-adjusted size considerations (even though since I had no stop, I could not have known the number of shares I should not cross), but went from 20 to 50, then to 100, not good.
I have to figure out where is a good place to put my stop loss, but that will come if I pre-plan my trades and learn to properly scan for my setups and stop jumping in when someone gives a stock name on Twitter.
Covered when I thought it was not going to reverse.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-03 13:30:03 | NUGT | buy | $106.640 | long |
| 2016-05-03 13:35:47 | NUGT | buy | $106.290 | long |
| 2016-05-03 13:50:36 | NUGT | sell | $105.350 | 0 |
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