TSLA Trade on Oct 15, 2013 09:54 from markmandy54_BOWS: Tradervue User Stock Trades.

Great gap and and hold above 30 minute resistance. Stop -1, Target +2. Looked like all systems go with the volume and price move up. Was moving down on low volume so pulled stop since small position with idea to add on 20EMA bounce test. When it did i add more with the intent to take off add at +1. Was all over the place mentally on this trade. I kept changing my gameplan mid trade and this has KILLED me in the past. I'm rationalizing breaking rules and it's frustrating that i'm still doing that. Need to focus better and stick to plan, if it changes, get out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-15 09:54:42	TSLA	buy	$187.850	long
2013-10-15 11:00:43	TSLA	buy	$186.650	long
2013-10-15 11:11:37	TSLA	sell	$186.920	long
2013-10-16 11:12:52	TSLA	sell	$184.170	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=644298&end=20131114&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=644298&end=20131016160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=644298&end=20131016111252&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=644298&end=20131016111252&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

elnozdy

2013-10-16 00:14:26

It looks like it started to go down when the whole market went a little bit lower (5min SP-500 chart). Cheers Mark!

charlesk_BOWS

2013-10-16 00:50:56

yep rule. Never add to a losing trade!

BenRodts_BOWS

2013-10-16 18:44:22

Rule No 1: Stick with your game plan.
Rule No 2: See Rule No. 1

You shouldn't add to a losing trade!!! Mark you know better than that.

markmandy54_BOWS

2013-10-16 23:05:02

That's the problem Ben, i do know better yet i keep making that mistake. I feel retarded.

kunal00

2013-10-18 12:50:29

wait so a stock that had run from 160 dollars to 190.... u waited for a few candles sideways and thats a gap and hold? what is ur setup on this ?

this stock comes from 160 and runs to 190 it dips 3 bucks so u think u swing it??

If u wanted to swign it! why not swing it from 160 on the pulback to m.a.?

i just dont get how u think 3 sideways candles on the 30minute after a 30 dollar run is a gap and hold?
and how is that a swign setup?

markmandy54_BOWS

2013-10-18 13:52:45

Thank you Kunal, i needed to hear that, and even though stings a little, i'm so thankful for your feedback in reviewing my trades. It makes no sense, i was looking at the 5 min and (whether consciously or subconsciously) ignored the 30 min.
I like your idea much better of P/B on daily and not having my head up my $$ looking at too short of time frame with the wrong mindset.

TSLA Trade on Oct 15, 2013 09:54 from markmandy54_BOWS: Tradervue User Stock Trades.

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