I was 1 for 4 on this stock today. I saw that it had an awesome daily chart with no resistance even close to where it was breaking out of. I was so excited about this stock which is why I ended up over trading it and using up all my mental capital. I saw that the stock was building a flat top base and I got long multiple times getting stopped out every time for the most part. This broke out, pulled back to the breakout spot, I got out because I was so focused on the pnl and didn't want to lose anymore money, then this thing took off... Moral of the story, stop focusing on the pnl and place your stop in a logical place.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-04 09:34:18 | FNBC | buy | $0.3733 | long |
2017-05-04 09:34:33 | FNBC | sell | $0.3674 | long |
2017-05-04 09:34:39 | FNBC | sell | $0.3842 | 0 |
2017-05-04 09:41:57 | FNBC | buy | $0.4275 | long |
2017-05-04 09:41:58 | FNBC | buy | $0.4275 | long |
2017-05-04 09:43:11 | FNBC | sell | $0.4242 | long |
2017-05-04 09:44:16 | FNBC | sell | $0.3975 | 0 |
2017-05-04 09:45:34 | FNBC | buy | $0.4126 | long |
2017-05-04 09:45:38 | FNBC | buy | $0.4134 | long |
2017-05-04 09:47:50 | FNBC | sell | $0.4472 | long |
2017-05-04 09:49:21 | FNBC | sell | $0.4299 | 0 |
2017-05-04 09:52:16 | FNBC | buy | $0.4299 | long |
2017-05-04 09:53:58 | FNBC | buy | $0.4354 | long |
2017-05-04 09:54:45 | FNBC | buy | $0.4534 | long |
2017-05-04 09:56:29 | FNBC | sell | $0.4404 | 0 |
2017-05-04 10:00:38 | FNBC | buy | $0.4555 | long |
2017-05-04 10:01:09 | FNBC | buy | $0.4790 | long |
2017-05-04 10:04:34 | FNBC | sell | $0.4642 | 0 |
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You only needed one trade on this xD thats loads of trades right there. Please do not get the feeling of missing out and overtrade. If you feel like that just close the chart. It will do more harm than good..