Shared by
charlesk_BOWS
bad trade. thought it was breaking out but it didn't.. i have to buy a little before the exact moment because it takes me probably 30 seconds to put the order in until I get a new platform, so on the way down it just took longer for me to sell than it should have. I also should have probably never bought until confirm of the range break, but again, I've learned to have to buy early since my reaction and system is slow.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-17 12:34:00 | SFUN | buy | $57.961 | long |
| 2013-10-17 12:57:00 | SFUN | sell | $57.150 | 0 |
Comments
natelau
I see why you got long there as well and I was going to get in the same entry at $57.86. The way I saw it however, and what prevented me from getting in was the risk to reward ratio on the trade. If you got in at break out at $57.86, your first target would be $58.00 (top of bull flag) reward of $0.14 and stop would be $57.46 (bottom of bull flag) risk of $0.40. Thus R/R would be would be 1 to 0.35.
mick9800_BOWS
got caught on this one myself, it was just a lack of discipline not waiting for the confirmation on break of 58
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I see what got ya long there, i think the stop was too loose under support.