Not a good trade for a few different reasons. First off, at 12:25 I created a plan to get into this stock @ 6.16 or lower, with a stop @ 5.80, TP @ 6.75 and a stretch TP @ 7.5. However I decided that price was squeezing against the top trendline, and that that was somehow more significant then the actual support @ 5.90ish. So I adjusted my plan, went long .12 higher then I wanted, put my stop .25 closer then I should've, and got stopped out of what otherwise would've been a profitable trade. This one hurts, not because of the money, but because I didn't follow what my objective/non-emotional brain told me to do when it was time to do it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-08-02 13:04:05 | SHIP | buy | $6.280 | long |
2016-08-02 13:04:28 | SHIP | buy | $6.280 | long |
2016-08-02 13:48:44 | SHIP | sell | $6.030 | 0 |
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