SBGI Trade on Oct 18, 2013 09:58 from ckz8780: Tradervue User Stock Trades.

This is the emotion you must overcome in trading. I had a daily alert set at $35.00 and it triggered when the stock was way too extended. Because the daily was still strong, I sized it according to the added risk and took only 300 shares ($150 risk with a $34.50 stop). However, after being in the trade for a while and it failing almost immediately after my entry, I decided it wasn't worth giving up the $150 and decided to save 50 bucks by getting out early (which was stupid because it was RIGHT AT SUPPORT). I ended up selling exactly at the bottom and then missed the re-entry later in the day when it u-turned and ripped over $1/share. Had I played this correctly I would have either honored my stop with the additional risk (and smaller size to accommodate it) or never entered at all at $35.00 and waited for a tighter setup. It should have been obvious that the setup wouldn't have much juice in it after the $35 break given how extended it was intraday when it hit that level. The later entry around $34.8 was absolutely sick and that's where I should have been playing it, with 1k shares and a 20c stop for $200 risk and a potential $800 gain. Don't let your emotions control your trading.

300 shares
-$110.55 (-1.07%)