Shared by
daytradingzebra
Well damn, got a little skeptical of the look after i saw the resistance near .4/.5, so i sold it for a 5 cent loss. Too bad, it ran like crazy. -12
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-26 13:11:03 | QCOM | buy | $64.260 | long |
| 2013-07-26 13:15:55 | QCOM | sell | $64.210 | 0 |
Comments
Nape_BOWS
daytradingzebra
gregr
Just a different perspective...so, you bought it on the break of 64.25, assuming it was going to run. It didn't, so you got out (we could argue about whether that was the right spot to get out, but we won't).
I think the missed opportunity was when it broke 64.25 again a couple of minutes later. You had more information now - you could have bought at .26, with a stop under the break level at .24, or even below that last low at .18.
Anyway, just a different perspective. I like to judge my trades based on knowing what was going through my head at the time. If you were nervous and sold it, well, you had a reason to sell in your head. You can kick yourself for it, or you can put yourself back in that place and think about what you could have done after that...
Greg totally 100% right on that. In fact at the time I was thinking you know i should actually buy this back now, but i stayed out because ive gotten myself into trouble rebuying a breakout that's failed on me the first time. I say failed because it didnt do what i expect, break and run. My stop was .18, but i cut it at .22 manually, thats usually when i end up regretting the trade. If it had hit my hard stop and went, no big deal, its the manual exit that i need to be weary of
ckz8780
I think you also need to be wary of using an 8c stop on a $65 stock. Even if it hit your hard stop, it was literally a 0.12% loss. Just my 2 cent stop loss of an opinion ;)
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
You had it.