Nice flag on the daily and was hitting multiple taps at 32.75 intraday. Waited till it was just about to hit and entered in at 37.71 and covered at resistance.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-19 10:42:17 | SEE | buy | $32.715 | long |
2014-02-19 10:42:52 | SEE | buy | $32.715 | long |
2014-02-19 10:42:57 | SEE | buy | $32.715 | long |
2014-02-19 10:43:01 | SEE | buy | $32.715 | long |
2014-02-19 10:43:26 | SEE | buy | $32.720 | long |
2014-02-19 10:43:26 | SEE | buy | $32.720 | long |
2014-02-19 10:43:26 | SEE | buy | $32.720 | long |
2014-02-19 11:05:24 | SEE | sell | $32.820 | long |
2014-02-19 11:06:01 | SEE | sell | $32.810 | long |
2014-02-19 11:06:24 | SEE | sell | $32.810 | long |
2014-02-19 11:06:29 | SEE | sell | $32.810 | long |
2014-02-19 11:06:51 | SEE | sell | $32.815 | long |
2014-02-19 11:06:51 | SEE | sell | $32.815 | long |
2014-02-19 11:06:56 | SEE | sell | $32.820 | long |
2014-02-19 11:06:56 | SEE | sell | $32.820 | long |
2014-02-19 11:06:56 | SEE | sell | $32.820 | long |
2014-02-19 11:07:01 | SEE | sell | $32.810 | 0 |
Bit of a chase IMO
It is a chase. I did it again today as well which I am not too happy about. Gotta fix that.
Easy to fix! When they win like this it creates bad habits because without realizing it we log this in our memory as being an okay thing to do. Set a rule like never going long after 3 or 4 green candles that big or whatever you decide works for you.
Thanks! Yeah I definitely can't have this as a habit. I did put this into my business plan too, not entering after third stick confirmation. I'm going to have to sticky that on my computer.
my sticky is "Three candles is a chase, DON'T FUCKING CHASE"
sorry for swearing, but I have to yell at myself or I won't listen.
If I can enter on second candle great.. as soon as that third candle hits, its too late.
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wow that's alot of green candles before your buy. glad it worked out!