Shared by
jmoscate_BOWS
Play: Pullback - 500 shares
Mistakes: Waited for green candle to enter the trade for the pullback. I wasn't patient enough once again. I should have entered the trade on the next candle. Also had poor risk management. Stop was at 32 but hadn't set a solid stop. Prodigio kept freezing and I had to keep closing it. I clicked by error the sell button and tried to cancel the trade but Prodigio froze at that time (which is why there is a random sell at 32.24). Final sell of shares were almost out of desperation as the stock had no volume and wasn't moving but it wasn't breaking my stop-loss. Weird trade all in all, got unlucky but lucky.
Lesson: set hard stop-loss and re-enter if need to and be patient on pullbacks. Wait for a full candle before entering it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-08 09:45:45 | OMED | buy | $32.490 | long |
| 2014-01-08 09:45:48 | OMED | buy | $32.500 | long |
| 2014-01-08 09:45:48 | OMED | buy | $32.500 | long |
| 2014-01-08 09:45:48 | OMED | buy | $32.500 | long |
| 2014-01-08 09:45:49 | OMED | buy | $32.490 | long |
| 2014-01-08 09:45:49 | OMED | buy | $32.440 | long |
| 2014-01-08 09:53:54 | OMED | sell | $32.240 | long |
| 2014-01-08 10:22:18 | OMED | sell | $32.849 | long |
| 2014-01-08 10:25:28 | OMED | sell | $32.840 | long |
| 2014-01-08 10:25:34 | OMED | sell | $32.840 | long |
| 2014-01-08 12:06:42 | OMED | sell | $32.650 | long |
| 2014-01-08 12:19:25 | OMED | sell | $32.620 | long |
| 2014-01-08 12:21:36 | OMED | sell | $32.600 | 0 |
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