Range break
No setup really
Loss
Tried for range break twice but the bid ask spread was too much for me and I got stopped out twice.
Finally took off but I was jittery by then and missed the good run-up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-17 10:53:27 | AVGO | buy | $53.010 | long |
2013-12-17 10:57:13 | AVGO | sell | $52.920 | 0 |
2013-12-17 11:21:37 | AVGO | buy | $53.150 | long |
2013-12-17 11:21:37 | AVGO | buy | $53.150 | long |
2013-12-17 11:28:23 | AVGO | sell | $52.990 | 0 |
2013-12-17 11:37:54 | AVGO | buy | $53.190 | long |
2013-12-17 11:43:57 | AVGO | sell | $53.330 | long |
2013-12-17 11:43:57 | AVGO | sell | $53.320 | 0 |
Nape_BOWS I need a great trade to start the day. If one or two don't go my way then it makes it harder to stay in a trade when it is finally ready to go.
How long have you been at this>
Thanks for your comments!
I understand. At times I find myself making the same mistakes, when my first two trades of the day go wrong.
I have been trading under Kunal for a year, but I have been missing around with stocks since 2006 but never had to proper guidance until I met Kunal.
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It was consolidating making higher lows. You needed a looser stop, it never broke the trend. If the spread is wide go smaller on your position size then scale in more shares when you notices strength.