HALO Trade on Sep 17, 2013 13:02 from johnc_BOWS: Tradervue User Stock Trades.

sigh

Another trade that I left for no reason. (This one and MM). Intraday flag, dips were getting bought. I exited because I felt like I was overtrading. It ended up running up 30 cents.

Next time:
Be confident in every trade you take. Know your plan. Always have a good reason to enter AND always have a good reason to EXIT.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-17 13:02:19	HALO	buy	$9.660	long
2013-09-17 13:02:19	HALO	buy	$9.660	long
2013-09-17 13:02:20	HALO	buy	$9.660	long
2013-09-17 13:02:20	HALO	buy	$9.660	long
2013-09-17 13:03:23	HALO	buy	$9.670	long
2013-09-17 13:04:25	HALO	buy	$9.670	long
2013-09-17 13:05:00	HALO	buy	$9.670	long
2013-09-17 13:05:00	HALO	buy	$9.670	long
2013-09-17 13:05:00	HALO	buy	$9.670	long
2013-09-17 13:05:00	HALO	buy	$9.670	long
2013-09-17 13:05:00	HALO	buy	$9.670	long
2013-09-17 13:05:00	HALO	buy	$9.670	long
2013-09-17 13:05:16	HALO	buy	$9.660	long
2013-09-17 13:05:20	HALO	buy	$9.660	long
2013-09-17 13:05:20	HALO	buy	$9.660	long
2013-09-17 13:05:20	HALO	buy	$9.650	long
2013-09-17 13:05:20	HALO	buy	$9.650	long
2013-09-17 13:07:59	HALO	sell	$9.640	long
2013-09-17 13:07:59	HALO	sell	$9.640	long
2013-09-17 13:07:59	HALO	sell	$9.650	long
2013-09-17 13:07:59	HALO	sell	$9.649	long
2013-09-17 13:07:59	HALO	sell	$9.649	long
2013-09-17 13:07:59	HALO	sell	$9.649	long
2013-09-17 13:07:59	HALO	sell	$9.639	long
2013-09-17 13:07:59	HALO	sell	$9.650	long
2013-09-17 13:08:00	HALO	sell	$9.650	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=HALO&trade=596832&end=20131017&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=HALO&trade=596832&end=20130917160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=HALO&trade=596832&end=20130917160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=HALO&trade=596832&end=20140214&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-09-17 22:25:44

you got it,.. all you need to do is believe in yourself.. great setup!

johnc_BOWS

2013-09-17 22:36:38

Haha thanks Nape. Felt like I was overtrading so I left this one and MM. They broke out minutes later.

markmandy54_BOWS

2013-09-17 22:47:58

Nice entry, no reason to sell, another one that took off after your entry. Nice eye.

kylejensen34_BOWS

2013-09-18 07:46:17

John, when do you feel like you are overtrading? Is it too many trades open at once, too many in a day, or something else? Just trying to get a feel for that myself.

rrace11_BOWS

2013-09-18 12:18:24

I like the rules you've set for yourself in the comments. Good thing is you have the eye and instinct for entry and this mistake is a simple fix!

mb_willoughby

2013-09-18 14:09:46

you nailed it :) be confident.. you have a great eye. your entry was perfect.

johnc_BOWS

2013-09-19 01:55:56

Thanks folks! I definitely was overthinking this one.

Kyle, to me I'm overtrading if I noticed myself taking too many trades that aren't really setups at all. Example: http://www.tradervue.com/shared/trades/596835

One of Maribeth's trading rules is "Never trade out of boredom." I was bored when I found this trade (and $MM). It turned out to be a valid setup, but just before I exited, I thought, "Well since I took this out of boredom, I'll probably lose money."

It's best to not overthink it and be confident. If it fails, you'll still be successful if you learned something.

HALO Trade on Sep 17, 2013 13:02 from johnc_BOWS: Tradervue User Stock Trades.

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