GMCR Trade on Jul 10, 2013 09:57 from RaeTrades: Tradervue User Stock Trades.

Demo Account Trade
Setup: Low RSI and trying to find a bottom
Risk: Initially I was only risking about $100 bucks and stopping out under the 2 minute bar that I bought it on.
Breakdown: RSI was getting pretty low on this breakdown but not single digits I believe. Trading on a demo account I wanted to see if I could make a high risk play like this work. It immediately failed!!!!

If you look at the two minute chart I should of covered after it broke the bar I bought it on. I should of did this because the RSI wasn't extremely low and I knew it could drop further. However since I was on a demo account I wanted to see it play out. Man oh man was I not ready for what happened next. It just dropped and dropped and dropped. At one point I was down $1100 dollars.

No way in the world of I been in this trade past a %10 loss on my live account. Which this easily would of qualified for.

After we found a temporary bottom I loaded in heavy and the stop got back to break even but I missed my exit and and when the level 2 suggest it wasn't getting back to that any time soon I covered for a $218 loss.

Lesson learned never again!

I would of pissed my pants if I was in this trade with real money.