LITB Trade on Jul 29, 2013 09:56 from markmandy54_BOWS: Tradervue User Stock Trades.

Daily Flat top B/O. Continuation flag from previous day and looked like was B/O. Originally had stop under rising 9MA and below higher recent low. Pulled stop and let emotion say "add on rising 20MA". Broke rules when clearly it was an easy -.25 stop. Correct action would have been stop out on B/D and change bias to short at 17.40ish for quick +.75.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-07-29 09:56:32	LITB	buy	$17.750	long
2013-07-29 09:59:04	LITB	buy	$17.400	long
2013-07-29 09:59:04	LITB	buy	$17.400	long
2013-07-29 10:24:02	LITB	sell	$16.750	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=532475&end=20130828&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=532475&end=20130729160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=532475&end=20130729124402&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=532475&end=20130729111402&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-07-30 16:20:31

I see in your comments you know what mistakes you are making, just have to stick to the game plan, and try not to let emotions get in the way.

kunal00

2013-07-31 12:25:04

dont double down just get out! double down on hot stocks not bad ones

markmandy54_BOWS

2013-07-31 13:41:07

Yes, i knew before it happened not to do that, i still did it. This trade was just pure defiance of my trading plan and frankly, when i break my plan, i deserve to get smacked. I'm hoping it was a hard enough slap that i will remember in the future to NEVER do this, regardless of my "justifications". The add on this stock i see will be above 18 on Breakout. I'm really trying to work on adding to winners and averaging up, not down....it's not working out to well as you can see... yet.

LITB Trade on Jul 29, 2013 09:56 from markmandy54_BOWS: Tradervue User Stock Trades.

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