Shared by
Markmandy54
Strong on day, waited for P/B to 20EMA. Confirm bounce. Stop -1, Target +2.50. Looked good and then some huge sell blocks came in spiking it down, took off +.25. If stuck to plan, target hit of +2.50. This was tuff as in past SPY rolling over and sell blocks going through resulted in lower price. Tuff to say what correct move was.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-20 11:00:32 | NFLX | buy | $428.350 | long |
| 2014-03-20 11:04:28 | NFLX | sell | $428.650 | long |
| 2014-03-20 11:04:29 | NFLX | sell | $428.650 | 0 |
Comments
Markmandy54
Totally agree with you and have been doing great sticking to my plan (partial parts at least). This one was different as it wicked and big sell blocks were coming through so i'm kind of ok with the reason of getting out here... but then again...
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This is tough but I believe to sticking to the plan especially when it doesn't violate your stop loss. I did that at the beginning of the week and was missing out of big moves bc I was scared and preferred to be flat than to have it dip a bit and take the loss (but most of the time it would take off right after). But that is my opinion in relation to how I am. You need to find the mix which allows you to make the most in the long run and which suits your personality.