GPS Trade on Dec 21, 2016 10:03 from tee: Tradervue User Stock Trades.

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tee

 

Shorted when it broke then retested S1 at $23.94. Entered as it started a down move on the next 5m candle. The better short would have been to watch it remount but reject at the MAs. Working on entering on anticipation vs waiting for confirmation. My problem is FOMO, don't want to watch the follow through happen without me so I enter too soon.

Because I shorted $23.91 and not anywhere up to $24.01 on the bounce and because I didnt want to get anything less than a green trade, I closed out at $23.82 when my true target if money wasn't involved was $23.73 pivot level, with a potential breakdown on the daily chart (testing big red candle's low, then rounding tops the following 3 days with top tails). My mistake is being too concerned with being down on the day from a previous trade that I need anything I can get from this trade vs. letting each trade work out on their own. That's potentially $0.18 move vs $0.09 captured for 100% increase!

Was too scared to short the sideways action at the Moving Averages in the morning because I told myself I would use pivots as my main thesis today. That was the right spot though, $24.16 area. That was a $0.34 move vs $0.09 for 377% increase! Shows how much of an impact better entries have.


Execution detail:

Date/time Symbol Side Price Position
2016-12-21 10:03:32 GPS sell $23.910 short
2016-12-21 10:36:00 GPS buy $23.820 0


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