This one hurt. I followed kunal into this one blindly, Didnt even get in at his alert price. I should have had my stop above that large sell off candle (in my head I knew it) but then I loaded up too many shares without calculating the risk. I got shaken out by my own mistakes and of course it flushed EOD. Lesson learned.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-17 14:31:21 | GOGO | sell | $31.540 | short |
2013-12-17 14:31:29 | GOGO | sell | $31.520 | short |
2013-12-17 14:31:30 | GOGO | sell | $31.520 | short |
2013-12-17 14:58:51 | GOGO | buy | $31.920 | short |
2013-12-17 14:58:51 | GOGO | buy | $31.920 | 0 |
Feel you. Been burned many a time by blind trading.Never know the risk/reward, stop level and logic behind it, pretty much lotto
Thank you guys for your comments, Yeah I definitely learned alot today. There is so much to take away from a losing day.
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You are at least getting some invaluable experience through these trades even if they're ot giong the way you hoped. I'm sure there are people who have been making the same mistakes for years and never acknowledged it to themselves.