BIDU Trade on Oct 31, 2013 10:25 from markmandy54_BOWS: Tradervue User Stock Trades.

An hour into the day and didn't take a trade, felt i needed to trade and saw the falling MA's coming down and pushed price down for lower high. Jumped in without viewing 30 min and daily, both which are a mess. Should have passed as NO SETUP!
Mistake 1: No setup on daily or 30 min.
Mistake 2: Too big of position for amount of risk and very low probable setup.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-31 10:25:06	BIDU	sell	$159.000	short
2013-10-31 10:46:21	BIDU	buy	$160.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=664440&end=20131130&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=664440&end=20131031160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=664440&end=20131031131121&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=664440&end=20131031113821&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

mb_willoughby

2013-11-03 20:33:55

yup you got it, not setup at all on this one. gotta avoid these and just stay patient

markmandy54_BOWS

2013-11-03 20:42:16

Thanks MB, I didn't find a single trade all morning and for some reason rationalized this one.

ckz8780

2013-11-04 23:05:22

"An hour into the day and didn't take a trade, felt i needed to trade"

Eliminate that from your thought process and you're good. Take a post it and write "TRADE ONLY WHEN THE OPPORTUNITY IS THERE" and stick it on your monitor over your buy button so you have to lift it to see where to place the cursor, lol

kunal00

2013-11-04 23:15:52

Junkk...u should write ur trades down before u take them.. make u think about the exact name of the setup

markmandy54_BOWS

2013-11-04 23:26:10

Totally Kunal, this was terrible. I think it was the "hyper-hypo" deep within wanting to come out and play that i must keep at bay.

BIDU Trade on Oct 31, 2013 10:25 from markmandy54_BOWS: Tradervue User Stock Trades.

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