SIM DAY #13
Shares traded: 5000
Closed P&L: $-292.50
GREED! GREED! GREED! I turned a perfect trade into a losing trade... shame on me! After the stock plummeted on the open, I waited to get back in. Saw the trend reversal coming as the 5 minute candle bounced and took out the high of the previous candle on heavy volume. Got in for the long. Scaled out for profits all the way through the spike. After the big thrust, I know the stock needs to rest and consolidate, which is exactly what it did. I got back in to the long side, looking for the price to hit high of day, but it went the other way, I got stopped out and took a loss. Turned a big winner into a loser.
Execution detail:
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