Late day HOD break. The breakout didn't hold so I bailed quickly. I was much more aggressive on this than I should have been given I only took 500 shares on the early break at $15.17, so I gave up my entire gain on that trade with this one. Consistent aggression levels are key in trading (i.e. you can't take 500 shares on one setup and then 2000 on a less probable/higher risk setup later, or you will just eat all your gains and end up losing or wasting commission). Had I taken 2000 shares earlier when I took this at $15.17, I would have been playing with nearly $1k in profit instead of $165, and this loss would have been a drop in the bucket rather than turning my whole earlier gain net negative.
2000 shares
-$179.60 (-0.57%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-05 15:08:50 | CSIQ | buy | $15.820 | long |
2013-08-05 15:33:56 | CSIQ | sell | $15.730 | long |
2013-08-05 15:33:56 | CSIQ | sell | $15.730 | 0 |
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