Shared by
Lenny2013_BOWS
I am going to share this trade to show everyone how stupid I am. I made all the classic mistakes and even some original ones.
1)I must have clicked the buy order twice? My position should have been 400 not 800
2)I put in a "SL" of $24.36 saw the mistake corrected to $27.22 Why.22 instead of.36?
I was still thinking I had 400 shares.
3)I thought I was buying a dip. 5 minute chart showed that entry was late
4)I saw all my mistakes with SIZE & STOP LOSS but decided to ride it out. Big Mistake!
5)When I saw P&L go RED Panic set in.I hoped it would return to close to my Max Loss. We know this will not happen.Finally sold!
6)To finish this off, I saw the reversal.Entered when price was above 9/20ema. It broke support and I was Done!
This was a Demonstration of Stupidity and Emotion! Nether one is good when Trading!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-12 09:40:36 | CSIQ | buy | $27.440 | long |
| 2013-12-12 09:40:36 | CSIQ | buy | $27.480 | long |
| 2013-12-12 09:40:38 | CSIQ | buy | $27.440 | long |
| 2013-12-12 09:40:38 | CSIQ | buy | $27.440 | long |
| 2013-12-12 09:40:38 | CSIQ | buy | $27.440 | long |
| 2013-12-12 09:40:38 | CSIQ | buy | $27.480 | long |
| 2013-12-12 09:47:15 | CSIQ | sell | $27.245 | long |
| 2013-12-12 09:47:15 | CSIQ | sell | $27.245 | long |
| 2013-12-12 09:47:15 | CSIQ | sell | $27.220 | long |
| 2013-12-12 09:47:15 | CSIQ | sell | $27.220 | long |
| 2013-12-12 09:47:15 | CSIQ | sell | $27.220 | 0 |
| 2013-12-12 10:07:11 | CSIQ | buy | $27.320 | long |
| 2013-12-12 10:07:11 | CSIQ | buy | $27.320 | long |
| 2013-12-12 10:07:11 | CSIQ | buy | $27.320 | long |
| 2013-12-12 10:07:11 | CSIQ | buy | $27.320 | long |
| 2013-12-12 10:13:21 | CSIQ | sell | $27.160 | long |
| 2013-12-12 10:13:21 | CSIQ | sell | $27.160 | long |
| 2013-12-12 10:13:21 | CSIQ | sell | $27.160 | long |
| 2013-12-12 10:13:21 | CSIQ | sell | $27.160 | 0 |
Comments
Lenny2013_BOWS
Thanks for comment. This trade set back my confidence to that of a beginner!
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1st trade ORB wasn't a bad attempt.
2nd trade there was no setup, entry was a chase.