{"id":6113,"date":"2010-07-26T16:37:34","date_gmt":"2010-07-26T20:37:34","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=6113"},"modified":"2010-07-26T16:37:34","modified_gmt":"2010-07-26T20:37:34","slug":"could-you-reenter","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/could-you-reenter","title":{"rendered":"Could You Reenter?"},"content":{"rendered":"

I was aggressive buying GENZ into a pullback today and got stopped out of 2\/3 of my position. GENZ closed $1.30 above where I got stopped out of most.<\/p>\n

When GENZ broke above the opening highs of 66.85 and spiked to 67.25 my interest in buying a pullback was initiated. I bought 66.81, 66.61, and then 66.46. I hit out below 30c and then 20c. Ripper. <\/p>\n

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Has this ever happened to you? That was a retorical question. Of course it has. <\/p>\n

Most traders fault their stops.Why didn’t I give that stock more room? I am such an idiot.<\/em> Or those controlling the order flow. That F$$kin Specialist screwed me out of my longs. Freakin HFTs. Can’t they stay the heck out of my stocks! <\/em><\/p>\n

What I have found over the past twelve years is that we undervalue the importance of an effective strategy to get back in. So we didn’t give the stock enough room. Could we have gotten back in? Not enough time is spent considering this part of our trading strategy. It is like we feel more comfortable focusing on all the unfairness of the market and not the opportunity. <\/p>\n

Yeah those who control the order flow are gonna screw you. Now what? Could you have reentered your position? <\/p>\n

Today after the close I will replay GENZ and find some places where I could have reentered, adding to my position. At least I caught the upmove with some stock. <\/p>\n