rfe: rubber band snap-back, r 12.1, sto 30, BOWS chatter
stop $12.00
target $11.40
concerns: bought at the bounce, bought too early in the day, too far from r, fomo!
stop loss @ 12.00 rejected, after that stayed in the trade too long should have gotten out as soon as possible. exceeded max daily loss on one trade by $125. did everything wrong. followed, chased in, didn't set proper stop loss. didn't want to be wrong. now I look, I see the 11.90 point was well outside of the Bollinger band. should not have bought.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-02 09:44:10 | UVE | sell | $11.900 | short |
2013-12-02 09:44:10 | UVE | sell | $11.900 | short |
2013-12-02 09:44:10 | UVE | sell | $11.900 | short |
2013-12-02 11:03:25 | UVE | buy | $12.650 | short |
2013-12-02 11:03:26 | UVE | buy | $12.650 | short |
2013-12-02 11:03:26 | UVE | buy | $12.650 | 0 |
Not sure what you mean Drew but by looking at the intraday chart it seems that you shorted it and not bought on the bounce like you said in your trade description? :/
Either way, if you shorted it then there was no setup there imho and if you were going to buy it it was a nice spot but I would wait for that first green candle as a confirmation before buying it.
Mirko, I did short the stock. My terminology was wrong.
I am going to frame this trade and put it above my desk as an example of everything not to do when trading.
Nape, you are exactly right.
drew: if I may add hopefully to ur benefit: remember the webinar where kunal review everyone's trade? He did mine and said I tried to buttfuck FSLR into a a winner for me? We'll sometimes, there are stocks that U just should not play.. maybe UVE is that to u. U lost on it yesterday? and it was not a small loss? same as today? remember there are 8000 stocks to play each day. gluck sir.
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what do you mean your 12 stop was rejected?
looks like you way chased this.