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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