Shared by
scottacherry
+$107. Caught this one right at breakout level. Mistake was selling 3/4th of position too soon instead of giving it some time. Should have been a +$300 trade if I had more patience but still a profitable trade none the less.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-09 11:36:40 | YELP | buy | $36.850 | long |
| 2013-07-09 11:40:36 | YELP | sell | $37.090 | long |
| 2013-07-09 11:43:09 | YELP | sell | $37.200 | 0 |
Comments
scottacherry
2013-07-10 16:10:00
appreciate the comments. Yeah I've been at this a few months now. I'm learning patience is the key!
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Perfect entry. And yeah just sell into the spike. This will get easier as you trade more and gain more confidence. I used to do this all the time when I first started trading, I'd get so excited I saw ANY green I would just take it and run. as you get more and more used to seeing gains you will become cockier and cockier, until finally you cross the line into too cocky and then you'll lose like $3k in two days and learn where you can and cannot go :)
There ya go, your whole future in trading. I'm also assuming you're kinda new at this which could be wrong, lol