Shared by
ckz8780
Overtraded this one. Initial entry was good. The stock had been making higher lows all day and I thought it might spike up through $2.00 resistance and head for highs. My entry at $1.95 was perfectly timed on a nice little volume spike, and even the addition of 1500 shares at $1.99 was not terrible. I added too much though and became nervous when it didn't work immediately, so I sold off 1k to lighten the load. Then it dipped back below $2 which further frightened me so I dumped the other 1500 and took the $35 gain.
My MAJOR mistake then, was getting back in at $2.01 with another 1K after I had just sold because the $2.00 breakout failed (why would I do this??? greed and emotion driving the trade at this point). Luckily I was able to close the $2.01 entry for a small loss at $1.97, but the net result was a $4 loss and like $50 in commission I didn't need to spend! overall, just emotional greed trading that has no place in my playbook!
2500/1000 shares
-$4.10 and a shitton of commission
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-30 14:26:02 | CLSN | buy | $1.950 | long |
| 2013-05-30 14:41:01 | CLSN | buy | $1.990 | long |
| 2013-05-30 14:45:03 | CLSN | sell | $2.000 | long |
| 2013-05-30 14:45:31 | CLSN | sell | $1.980 | 0 |
| 2013-05-30 14:47:54 | CLSN | buy | $2.010 | long |
| 2013-05-30 14:47:54 | CLSN | buy | $2.010 | long |
| 2013-05-30 14:47:54 | CLSN | buy | $2.010 | long |
| 2013-05-30 14:47:54 | CLSN | buy | $2.010 | long |
| 2013-05-30 14:47:54 | CLSN | buy | $2.010 | long |
| 2013-05-30 14:55:59 | CLSN | sell | $1.970 | 0 |
Comments
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thx for honesty on the 2nd entry. I have to admit when I do that I always want to hang a boot in the ceiling with pulley to kick myself :)