Shared by
alhadi249
this is worst tradei ever made. entry were all perfect apart from overextended. waited instead of cutting loss. that is what killed me with a loss. lesson learn never wait and hope like what i did here.
hey anyone with good advice please leave comment below appreciate that
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-09 10:10:24 | CLNT | buy | $6.420 | long |
| 2017-05-09 10:14:10 | CLNT | sell | $5.890 | 0 |
| 2017-05-09 10:24:16 | CLNT | buy | $6.270 | long |
| 2017-05-09 10:26:51 | CLNT | sell | $6.320 | 0 |
Comments
bosstrades
I ain't profitable yet, thus take my advice with a pinch of salt. But you took this trade waaay to late.. a clear sign of "FOMO"- fear of missing out. At 10am, after the went already from 4 to 7 and it had hit its resistance at the daily chart. you should not have touched this trade. This was actually my most profitable trade as of yet.
alhadi249
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Stock was extremely extended for sure. I sold out half my position at 5.60 or so and the other half got stopped out on balance during pullback about 5.95 or so. Your loss doesn't look extreme (6.42 - 5.89 = 0.53 cents)
I would say if this was such a punishing trade for you adjust your position size accordingly so that you don't lose excessively. I would also say if you aren't pick a stop point to exit before you even enter the trade so that you can't waffle and you must respect it. The way CLNT ran up this day it could've easily plummeted all the way back under $5 without any warning, quickly turning a 50 cent loss into a 1.50 loss or worse.