Shared by
silverholden
This popped up in my twitter feed in the afternoon, and I decided to see what I could get out of it before the close. This was a bad trade. I didn't have a solid target, and chased the entry on the 5 minute based on the 30 minute. As it turned out the stock was finished for the day when I bought it, and it merely went sideways. I had a stop set a 6, but went ahead and got out when I realized my mistake. The only good points to this trade are that I went in with a small position, and I didn't wait around to see if it would hit my stop once I realized my blunder.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-06 15:23:24 | PXLW | buy | $6.100 | long |
| 2014-01-06 15:23:24 | PXLW | buy | $6.100 | long |
| 2014-01-06 15:23:24 | PXLW | buy | $6.100 | long |
| 2014-01-06 15:23:24 | PXLW | buy | $6.100 | long |
| 2014-01-06 15:23:32 | PXLW | buy | $6.100 | long |
| 2014-01-06 15:47:13 | PXLW | sell | $6.068 | long |
| 2014-01-06 15:48:21 | PXLW | sell | $6.060 | long |
| 2014-01-06 15:48:56 | PXLW | sell | $6.060 | long |
| 2014-01-06 15:49:16 | PXLW | sell | $6.061 | 0 |
Comments
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Daily looks extended. Already ran from $4 to $6. Easy money is over. Needed to play this stock a few days ago.