VISN Trade on Dec 18, 2013 13:47 from markmandy54_BOWS: Tradervue User Stock Trades.

Momo runner, great day long consol. Stop -.15, Target +.30, +.50. As soon as lost the 15 support i took off prematurely. Need to utilize better stops then at support.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-18 13:47:10	VISN	buy	$15.100	long
2013-12-18 14:00:59	VISN	sell	$15.040	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=VISN&trade=751424&end=20140117&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=VISN&trade=751424&end=20131218160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=VISN&trade=751424&end=20131218160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=VISN&trade=751424&end=20131218145659&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-18 17:10:28

Ahh you had it.

johnc_BOWS

2013-12-26 20:30:22

Shoot this as such a great play. This is a classic case of "loss aversion" as Dr. Menaker puts it. I've been suffering from it myself since I went live.

The cure was making a rule that I'm not allowed to exit unless my stop is hit. The only exception is when the play becomes valid and price starts to move in my direction. Only then do I raise the stop.

This rule has really worked out well for me.

VISN Trade on Dec 18, 2013 13:47 from markmandy54_BOWS: Tradervue User Stock Trades.

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