DGLY Trade on Dec 5, 2014 11:07 from youngcb1_BOWS: Tradervue User Stock Trades.

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youngcb1_BOWS

 

DGLY was pretty strong and I waited for the pullback set up to occur. Once I notice support and the volume was light I entered. However, due to the spread of the stock I didn't create a mental stop which was a big mistake. The support area was to far away and I should've at least gave myself a 30 cent mental stop. The stock broke the flag and I scaled out 100 shares while letting the rest to stay in the position. But right after that the candle dropped down for a quick shake out and I bit. The stock only dropped down a few scents passed my entry and I let my emotions take over so I exited prematurely. The stock shortly moved upwards and I lost out on a $1 spike.

If I would've stuck to my rule of always having a stop before entering then I would've not allowed my emotions to take control. Lessoned learned.


Execution detail:

Date/time Symbol Side Price Position
2014-12-05 11:07:41 DGLY buy $22.310 long
2014-12-05 11:10:05 DGLY sell $22.470 long
2014-12-05 11:12:45 DGLY sell $22.250 0


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