Anatomy of a failed trade

Quote from omegapoint:

I buy 100 DRYS @84.16 trying to catch the falling knife. Look at the recent history, its pulled back about the same from its ascension how many times, thought it was reasonable. I sell @ 82 since ...it ain't comin back and it didn't now around 1:30 its @ 80.40 and tanking. Opinions on where I screwed up.
Before the days over it'll beat my basis ...with my luck.
thanks
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Just ran across some news on DRYS remembering your thread:

http://www.schaeffersresearch.com/c...kes+to+stay+afloat/observations.aspx?ID=82844

Btw, don't beat yourself up on this one.
 
Ya know, I really appreciate it when someone says something like that ...thanks. Actually I bot 1000 DRYS @82.90 sold @85. That's the exception in my trading ability tho, I'm down 80k since I started in June. This is not easy.
 
Quote from omegapoint:

Ya know, I really appreciate it when someone says something like that ...thanks. Actually I bot 1000 DRYS @82.90 sold @85. That's the exception in my trading ability tho, I'm down 80k since I started in June. This is not easy.
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This is the toughest (mentally) job there is imo. Especially since I manage other's money in this "environment."
 
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