CRM Trade on Apr 25, 2014 10:28 from Markmandy54: Tradervue User Stock Trades.

Missed opening fall however loved the bear flag to falling MA. Short with -.25 stop, target +.30, +.50, +.75. Took off 1/2 and raised stop TOO TIGHT TOO QUICK.
LESSON: ONLY RAISE STOP ONCE NEW S/R IS ESTABLISHED.
Since i have a terrible tendency to micromanage (ie take off winners too quick AND raising stops too quick...both due to fear, i am establishing an anchor of 25 pushups per offense while going over what the correct action was.)

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-25 10:28:42	CRM	sell	$53.320	short
2014-04-25 10:33:14	CRM	buy	$53.030	short
2014-04-25 10:39:26	CRM	buy	$53.130	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CRM&trade=966393&end=20140425113526&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CRM&trade=966393&end=20140425130426&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CRM&trade=966393&end=20140425160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CRM&trade=966393&end=20140525&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-04-27 15:07:31

You are killing those entries! May I suggest you put your stop at buy price in case it reverses instead of putting it so tight? Then once a new level is confirmed, you can move your stop loss.

Markmandy54

2014-04-27 15:20:09

That's my biggest problem J that i am currently working on.
raised stop TOO TIGHT TOO QUICK.
LESSON: ONLY RAISE STOP ONCE NEW S/R IS ESTABLISHED.
I had no reason (other then fear) to raise my stop...even to B/E as S/R didn't warrant to do so. I'm currently focusing all my energy into not micromanaging. Man it's tuff!!

CRM Trade on Apr 25, 2014 10:28 from Markmandy54: Tradervue User Stock Trades.

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