Initial entry within the wedge was decent. The add through wasn't terrible either. My problem is I didn't have a plan for the trade, and that's a big problem.
I did not use a feeler on this trade.
Initially I thought I was in a good amount of size. Although my plan was a bit narrow minded and didn't really think about the bigger picture, I did feel like I was positioned well for a big move, it just never happened. Now when I reflect on this trade, I was probably in too big due to the fact of it gapping up so high and the chance of even more follow through after it had already gapped up 2 points and gone up another 1.5 pts from there. Definitely a low probability trade, similar to the one I did in CME yesterday.
I thought my entries were decent for the trade I thought it was. My mismanaging of the rest of the trade and tunnel vision towards today's wedge and only today's wedge was the bigger issues.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-06-11 11:01:43 | GME | buy | $37.990 | long |
2013-06-11 11:07:01 | GME | buy | $37.910 | long |
2013-06-11 11:17:54 | GME | buy | $38.150 | long |
2013-06-11 11:17:54 | GME | buy | $38.150 | long |
2013-06-11 11:27:42 | GME | buy | $38.240 | long |
2013-06-11 11:27:42 | GME | buy | $38.240 | long |
2013-06-11 11:27:42 | GME | buy | $38.240 | long |
2013-06-11 11:27:42 | GME | buy | $38.240 | long |
2013-06-11 11:27:42 | GME | buy | $38.240 | long |
2013-06-11 11:27:42 | GME | buy | $38.240 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | long |
2013-06-11 15:33:38 | GME | sell | $37.800 | 0 |
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