This has to be some sort of limiting belief. First of all, I was in the middle of sorting out risk when I missed the initial r/g because I had a slow start to the morning and watched it blow right past me at 3.41. Could tell there was a lot of relative strength and volume so I followed the play and anticipated a future break. I entered on the $4 break - saw it hit close to 4.20; held through the flush down to 3.95 and then panicked and took profits off that bounce right before this thing really started to take off. I can forgive myself slightly due to having such a small share size (100) --- but I should have taken half off and let the rest ride or break-even at my entry. Great idea though and I was definitely in the right spot for the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-06-01 09:59:39 | CODX | buy | $3.990 | long |
2018-06-01 10:04:10 | CODX | sell | $4.130 | 0 |
I should have taken half off and let the rest go.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I did the same thing, but got in at 4.33 then when it slowed up, I panicked and got out at 4.39. a minute later it rocketed to 5.50 and left me win the dust.