Shared by
EL_BOWS
This killed me today. Another trade where I missed the HUGE rip because of a few cents on my stop.
First buy: long in flag. Sold into spike and remainder as it started to come back down.
Second entry: short in bear flag. Had a huge rip down, sold as it tapped the 9EMA and failed, got stopped out 10c before it dropped for the REST OF THE DAY.
Didn't get in on bear flags as it kept dropping, all I could hear was Kunal saying "you can't expect all the entries to work.. the 4th, the 5th, the 6th...".
Third entry: despite Kunal's voice, I got in cause I was on tilt. Shorted as it made new lows. Covered into spike twice.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-13 11:26:51 | NFLX | buy | $346.620 | long |
| 2014-01-13 11:44:59 | NFLX | sell | $347.970 | long |
| 2014-01-13 11:48:38 | NFLX | sell | $347.140 | 0 |
| 2014-01-13 14:10:57 | NFLX | sell | $341.950 | short |
| 2014-01-13 14:14:42 | NFLX | buy | $342.710 | 0 |
| 2014-01-13 15:00:33 | NFLX | sell | $336.110 | short |
| 2014-01-13 15:01:40 | NFLX | buy | $335.880 | short |
| 2014-01-13 15:11:52 | NFLX | buy | $335.360 | 0 |
Comments
EL_BOWS
Agreed, but it wasn't on my radar at that point in the day. I'm having a hard time focusing on just a few charts, seems like I'm always looking at other charts when the one I was watching breaks.
lafljm_Bows
I have that same problem. There is so much to watch and if I only focus on just a couple I don't make money cause they don't move. Nevertheless I can easily lose money by watching many.
Sayed
Notice how 20 EMA was acting as resistance all day. You need to pick up only 3/4 stock to watch. Very traders can pull that watching dozen of stocks.
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Have to hit this flag..http://screencast.com/t/TBFAnsSFMVdR