Shared by
Spartan_Trader
Pulled up this stock when Kunal called it out in the chat. Saw that it was consolidating right below hod, however I chased it. Horrible trade. Should have known better. The positive is that I kept to my max loss per trade, didn't continue holding expecting it to come back.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-18 14:46:34 | CSIQ | buy | $39.450 | long |
| 2014-02-18 14:46:34 | CSIQ | buy | $39.450 | long |
| 2014-02-18 15:02:53 | CSIQ | sell | $39.260 | 0 |
Comments
Gena_BOWS
Agree with lhardesty - once kunal calls it out, it usually is too late (unless it is still consolidating or sometimes he gets in a bit early and it still has a little p/b). But if it rips right after he calls it, back off and just watch. Zman is good about letting us know in advance what stocks he is stalking, so that often gives you time to enter when the set up is ready.
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Great that you already know where to improve on this sort of trade. Love that you got out decisively. One bit I'd like to share as something for you to consider ... if Kunal calls it out, it's most probably already too late to catch. Best to just analyze how he thought about it for your own future callouts. I'm sure to get blasted.. but it's my experience.