MGT Trade on Jun 30, 2016 10:11 from Louie: Tradervue User Stock Trades.

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Louie

 

General Comment/s:
-obviously on hindsight, my losses in CRMC then earlier losing trades in MGT tipped me towards tilt. I am on trading tilt hence I am making very, very bad trading decisions.

Plan: (SS)

Setup: Lower High (recent high 4.3) 4.25 big buyer taken out hence more confident to ss

SL: 4.3

PT: 4.05 (PCL)

Final thoughts:
-bad bad bad trade
-how many trades do I have to make to realize that this pattern have no edge in SS. Fight the urge and just go long instead.
-my second exit was a trading error. My planned exit was a SLO so when the stock started to tank, I cancelled it, Unfortunately it was too late as soon of my shares were already taken out. Hence I just decided to wait and see where this stock will go, so when it just continued to trend higher, I told myself to cut it out.


Execution detail:

Date/time Symbol Side Price Position
2016-06-30 10:11:28 MGT sell $4.230 short
2016-06-30 10:26:09 MGT buy $4.300 short
2016-06-30 10:41:37 MGT buy $4.450 0


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