P Trade on Jul 8, 2013 12:32 from roshana123: Tradervue User Stock Trades.

Here's another example of chasing a stock that has already spiked and I decide to buy at a high point with less volume. Not smart. I need to become better at not chasing.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-07-08 12:32:40	P	buy	$20.210	long
2013-07-08 12:32:40	P	buy	$20.210	long
2013-07-08 12:32:40	P	buy	$20.210	long
2013-07-08 12:47:25	P	sell	$20.220	0
2013-07-08 13:16:49	P	buy	$20.390	long
2013-07-08 13:51:57	P	sell	$20.290	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=P&trade=508752&end=20130807&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=P&trade=508752&end=20130708160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-07-08 21:57:37

oooh no good. no setup

JoJoTrades

2013-07-08 22:40:41

try to avoid the revenge trade, especially if its chasing. I can see why you re-bought here...heck, your first trade woulda won! but then you chase as revenge in a sort of way, and then you just lose more. believe me...has happened to ALL of us!!! but at some point, you skip the revenge chase trade, and just shrug it off "oh well, I missed it"

roshana123

2013-07-09 00:29:29

Thanks for the feedback. I do have a big problem with chasing and revenge trades. I need to work on putting my pride aside and leaving a stock alone that isn't working for me. :)

P Trade on Jul 8, 2013 12:32 from roshana123: Tradervue User Stock Trades.

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