CREE Trade on Jan 23, 2013 09:39 from kumarBOWS: Tradervue User Stock Trades.

First trade was a bust. Too early on the entry and was squeezed out.

Second trade was on the failure to hold above 40.00. Had this one in the bag with an absolutely beautiful entry but I was too ffff'n scared to ride it out!!!

I took half off to lock in some profits but I was too chicken to let the other half ride... seriously, there was absolutely no reason for me to get out of this trade as it still looked fucking beautiful for the fade. WTF!!

Obviously this is a challenge I must address and another obstacle I must overcome before I become a profitable trader.

Because of this trade I am now scaling back to only 100 share positions until I learn to ride out my winners. Time to develop a position management strategy and implement proper profit targets. It may take another couple months of practice but I am feel so close and this is whats keeping me back from being profitable. Just need a little more fine tuning.

Execution detail:

Date/time Symbol Side Price Position

2013-01-23 09:39:00 CREE sell $39.820 short

2013-01-23 09:40:00 CREE buy $40.000 0

2013-01-23 09:47:00 CREE sell $39.950 short

2013-01-23 09:50:00 CREE buy $39.760 short

2013-01-23 10:02:00 CREE buy $39.740 0

Date/time	Symbol	Side	Price	Position
2013-01-23 09:39:00	CREE	sell	$39.820	short
2013-01-23 09:40:00	CREE	buy	$40.000	0
2013-01-23 09:47:00	CREE	sell	$39.950	short
2013-01-23 09:50:00	CREE	buy	$39.760	short
2013-01-23 10:02:00	CREE	buy	$39.740	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=341262&end=20130222&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=341262&end=20130123160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=341262&end=20130123122200&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=341262&end=20130123105400&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

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CREE Trade on Jan 23, 2013 09:39 from kumarBOWS: Tradervue User Stock Trades.

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