Triple tap breakout/EOD run. I chased the entry on this big time. I sat and watched it from $12.30 but could not convince myself to get in as I had been wicked out on that big flush earlier in the day and taken an ugly loss. Need to remember that each trade is individual and needs to be treated as such. I exited to cut back risk and lower my average price, then bought back at the same price, lol, so that was really pretty pointless. Nice pattern but I needed to enter about 20c lower and manage it correctly.
500 shares
+$59.71 (2.085%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-13 14:49:27 | YRCW | buy | $12.499 | long |
2013-12-13 15:06:41 | YRCW | sell | $12.520 | long |
2013-12-13 15:13:23 | YRCW | buy | $12.500 | long |
2013-12-13 15:31:01 | YRCW | sell | $12.750 | long |
2013-12-13 15:34:21 | YRCW | sell | $12.510 | 0 |
Nice daily, nice intraday pattern too. Tuff for me to get long when it's extended like that, the times i don't pull the trigger they rip, lol. Nice quick reaction.
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"each trade is individual and needs to be treated as such". I think this is one of the key things to cement in your brain to be successful. Easier said than done though!