A stock with a higher float popped up on Cameron's scanners a few minutes into the day. Looking back on it now, I traded the stock without fully assessing its quality. I can see on the daily chart that it had gapped down and so would've been ideal for a gap-down reversal setup, but I don't trade those. I was attempting to trade a high momentum setup on a stock that only showed potential for gap-down reversal. Hence, my thesis that my sleep affects the accuracy of my trading remains. I also judged poorly by deciding to enter the trade with 100% of my buying power again when I really should have scaled back, especially after the large loss on VKTX. I remembered at the time that I really wanted to gain back what I had lost on VKTX and so was trading more based on fear of missing out than anything else. I lost $87.53 on this trade. Despite all of that, however, I still maintained enough discipline to stop out of the trade within my 5 cent target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-06 09:34:37 | BBG | buy | $4.850 | long |
2017-12-06 09:36:14 | BBG | sell | $4.810 | 0 |
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