AER Trade on Dec 16, 2013 11:17 from johnc_BOWS: Tradervue User Stock Trades.

This trade killed my morale. I had a great opportunity to scale out 1/2 at 32.25 but I consciously decided to wait until it dips lower. Rather than having my stop order in place, I had a limit order for my first scale out. This was a terrible mistake. I ended up losing 2x my max risk.

The most redeeming thing is that I didn't freeze up and I placed an order quickly when AER suddenly reversed. The reversal happened within 15 seconds. It was scary to see.

Always have your automatic stop in place.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-16 11:17:42	AER	sell	$32.600	short
2013-12-16 11:21:18	AER	sell	$32.570	short
2013-12-16 11:48:36	AER	buy	$32.960	short
2013-12-16 11:48:37	AER	buy	$32.970	short
2013-12-16 11:48:37	AER	buy	$32.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AER&trade=748529&end=20140115&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AER&trade=748529&end=20131216140837&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AER&trade=748529&end=20131216160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AER&trade=748529&end=20140515&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-12-20 21:26:25

I find gap ups to new highs very difficult to short.

AER Trade on Dec 16, 2013 11:17 from johnc_BOWS: Tradervue User Stock Trades.

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