OPGN Trade on Dec 16, 2016 14:20 from coryjpat: Tradervue User Stock Trades.

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coryjpat

 

Found on the TOS scanner and put trend lines on it which I somehow believed formed a symmetrical triangle. I was completely wrong!

(B)-Buy (S)-Sell
MACDH=> 0.0050639(B) - 0.0006318(S)
MACDT=>(B) Below the moving average
Volume=> 17,000(B) - 2,600(S)
Shares=> 2000
RSI=> 65.7462(B) - 43.2239(S)
MACDT=>(S) Crossed and trending downward
OPEN:$1.219 ($2438.00)(B)
CLOSE:$1.1706 ($2341.20)(S)
P/L: -$96.80

Horrible trade! This is the dumb shit I was doing that caused the 4 consecutive red trades. I had no plan of action, I did not do enough research on the stock itself, I did not plan my entry and exit well, I did not consider the faded volume, I did not exit soon enough once I realized I had fucked up and because of all this I'm a dumbass for the day.

  1. Never should have made this trade or even looked to trade at all if I wasn't looking for a weekend hold.
  2. It was just dumb as Fuck and there's really no way to put it. I basically wanted to give away money today.
  3. Stay more discipline to the rules

Overall Grade: (F--)*pie


Execution detail:

Date/time Symbol Side Price Position
2016-12-16 14:20:43 OPGN buy $1.219 long
2016-12-16 14:28:59 OPGN sell $1.171 0


Comments

Gravatar Dogoodcapital1
2016-12-17 13:52:30
 

not too bad, i am very harsh on myself but one thing to notice is that it kept making lower low's i can see why you took it because for a bit it was making higher low.

looks like you entered because of fear of missing out, which gave you bad entry but good job on exit. saved yourself a bit of money

2016-12-17 14:22:04
 

Yeah Noor, I was trying to catch a quick bounce. I was really chasing honestly! What is your usual reaction after a bad trade?

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