My day went farely well until I got tired and decided to call it a day at noon when the action dried up. My mistake was FORGETTING TO CANCEL MY ORDER for LDK Solar! I initially had a buy order at $68 with the intention of scalping intraday and closing the position before Q3 earnings. Unbeknowingly, my fill got executed when I was counting my profit in my dreams. Immediately after waking up, I decided to find out how LDK did and what afterhours trading was like. They had only beaten guidance and estimates slightly so after hours. I was saying to myself, "that's why you lock in profit and don't gamble into earnings." I literally was feeling good about myself having executed my trading plan until it hit me, "$hit didn't I have a buy order at $68? LDK closing price was $66.33 and had traded as low as $58. I'm HOPING I can get out above $60 because I don't want to see this loss compounded. Although this mistake won't break me, its 30% of my portfolio right now because of the extra shares filled for daytrading. I might lose 5-7% of my assets if prices stay in $58-62. Although this comes as a huge blow to me, this has been a humbling experience and emotionally I feel fine...as long as the price goes to the mid-low $50s. I have a list of trading rules and I have obeyed them all to some degree. However, double checking your account status before sleeping is one I left off the list. It MAY become an expensive lesson, but there's a chance...we gap up...pweeez.
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