I knew this was a bad idea before I even did it. This stock was too extended for another run, which was pretty obvious, but I did it anyway. Stopped out flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-27 14:40:07 | ANR | buy | $7.170 | long |
2013-12-27 14:57:02 | ANR | sell | $7.170 | 0 |
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I would really recommend that when you hear a voice say, "This might be a bad idea," you should take your hand off the mouse pad and ask yourself, "Why?" Most losing traders I know are losing because they haven't worked out emotional factors in their game.
At this point, you're just papertrading so the worst case scenario is that you'll miss out on fake money. The best case scenario is that you'll help re-wire your emotional brain so that you don't take these kinds of trades when you go live.