Morning flag break. This was sloppy so I decided to exit flat. As usual, when I decide to exit flat it messes with my head and I had to get back in 5 min later and then took a huge amount of risk for very minimal gain. While this was a profitable trade I was down like $750 on it and took my daily PL to almost -$2k trying to get it all back with a home run. I did end up coming back to just a small loss of $168 but damn, I took way too much risk to do it and could have destroyed my account w/ this kind of trading. The one thing I will say is that though I was down a lot on the second trade, I decided not to sell because even after it dumped, it was still within the trend and I suspected it would hold since the market was grinding up all day. My gut was right and I was able to turn this into a profitable trade by adding another small scalp into the close, despite the risk.
300/1000 shares
+$437.77 (flat, +1.71%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-10 10:37:36 | SFUN | buy | $50.694 | long |
2013-10-10 11:24:06 | SFUN | sell | $50.672 | long |
2013-10-10 11:24:06 | SFUN | sell | $50.670 | long |
2013-10-10 11:24:06 | SFUN | sell | $50.720 | 0 |
2013-10-10 11:31:31 | SFUN | buy | $50.930 | long |
2013-10-10 11:31:31 | SFUN | buy | $50.910 | long |
2013-10-10 11:31:31 | SFUN | buy | $50.900 | long |
2013-10-10 12:05:31 | SFUN | sell | $51.236 | long |
2013-10-10 12:55:30 | SFUN | sell | $51.630 | long |
2013-10-10 14:05:09 | SFUN | sell | $51.063 | 0 |
2013-10-10 14:53:11 | SFUN | buy | $51.535 | long |
2013-10-10 15:07:42 | SFUN | sell | $51.790 | long |
2013-10-10 15:07:42 | SFUN | sell | $51.805 | long |
2013-10-10 15:15:48 | SFUN | sell | $51.747 | 0 |
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Awesome trading!