Great gapper. 1st try as HUGE VOL and looked ready, tight stop so took small loss. Gave even better setup with a flag on the VWAP and rising 9EMA. Long at apex. Stop -.10, Target +.25, +.45, +.65. I was 0-3 so far on the day and let my P&L dictate the trade. Almost took off at +.15 to break even on day. I destroyed my own self confidence by not believing in my stop and targets. By micromanaging i missed out on the biggest trade of the year. I rationalized that buying volume was drying up so took all off instead of STICKING TO THE PLAN!
Part of me is really excited as i nailed the entry, the other part is frustrated as i broke my selling rules and rationalized from emotion to take all off. GREAT LESSON!
NOTE: Big gap ups with massive volume on good news/PR that have been basing need to be bought hand over fist!!!!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-30 09:38:58 | CROX | buy | $15.110 | long |
2013-12-30 09:43:21 | CROX | sell | $14.920 | 0 |
2013-12-30 10:09:19 | CROX | buy | $15.050 | long |
2013-12-30 10:35:04 | CROX | sell | $15.270 | 0 |
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