Side: Short
Entry: 79.88
Why I got in: Thought it was going to bounce off MA's or VWAP. Also at previous levels of support.
Stop: 79.97
Why I got out: Got shaken out. Happens a lot to me. Do I just need to be willing to take bigger losses if the trade goes against me and have a stop loss further away? Any advice is appreciated!
Mistakes:It eventually did what I wanted it to. How do I stop getting shaken out so much? Happens on a large number of my trades.
Negatives: Was shaken out. Could have made a winning trade more profitable.
Positives:
Other Notes:After reviewing this trade 3 weeks later, my stop should have been above 80. Probably 80.03. I had it right under resistance so I was bound to get shaken out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-09-22 14:41:39 | RHT | sell | $79.880 | short |
2016-09-22 14:45:32 | RHT | buy | $79.970 | 0 |
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