Shared by
TheBeantownBull
What to say at this point? I was still up $9 even after the second attempt at $LL. My second attempt was a long and it went horribly wrong so my reptilian brain made my hands try another short. This was obviously a desperate attempt to make up for my poor performance just before and instead it added insult to injury. Another freeze up or hold and pray as I hear Kunal telling the folks in CA how sad it makes him to see this every day. I am tired of being this guy and i am going to stop it today! No more bag holding! If my stop hits I sell, period! This is the only way I am going to be the trader I know I can be. Hopefully my mistakes will help someone to avoid doing the same stupid thing. FACT: Not once in the 2 months I have been live has holding the bag paid off1 NOT ONCE!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-10 14:55:11 | LL | sell | $90.200 | short |
| 2013-12-10 15:17:56 | LL | buy | $91.360 | 0 |
Comments
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Honest comments from you.
the entry set up was there, though as price had dropped $3 it was likely the shorts would cover and give bounce. As you say set tighter stop loss