Shared by
Starlightstock_BOWS
Reason for Entry – Recommendation by Kunal. My bad did not follow through on other trades with this stock through the day. To much emotion.
Type of Setup – Short
Entry Price – 77.51
Stop Price – 77.81
Target – 77.21
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-28 09:41:10 | TRIP | sell | $77.500 | short |
| 2014-04-28 09:41:10 | TRIP | sell | $77.500 | short |
| 2014-04-28 09:41:10 | TRIP | sell | $77.500 | short |
| 2014-04-28 09:41:10 | TRIP | sell | $77.510 | short |
| 2014-04-28 09:47:09 | TRIP | buy | $77.340 | short |
| 2014-04-28 09:53:20 | TRIP | buy | $77.810 | short |
| 2014-04-28 09:53:20 | TRIP | buy | $77.810 | 0 |
Comments
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Never "follow" Kunal into a trade. It's fine to analyse it on your own and see if it is your kind of set up, and if you can get a good price (R:R assessment). But never just follow him as your reason for the trade. Also, for a while, you might want to hold off trading until about 10am or so, so that you can see patterns better. I do that often, and it helps me in my trades. Sure, you miss the huge runs, but you also tend not to lose as much in the process. For this trade, you did well covering partial, but then you need to set your stop at your entry price (you can always get back in if the set up presents itself again later).