SHIP Trade on Aug 2, 2016 13:04 from Carter_is_the_Man_BOWS: Tradervue User Stock Trades.

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.

http://www.screencast.com/t/x5q5N2uCEKx


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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