My previous trade to the long side had resulted in a frustrating pull back without me taking any profit.
When I exited it I was also triggered on a sell order that I could not cancel in time as the price popped down too quickly.
I managed to cover for a small profit though, which was lucky.
This had proved to be a shake out and the price soon climbed back up to where I was hoping to sell the previous more sizable trade.
Once more I have left too much on the table
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-24 14:55:01 | RIGL | sell | $4.840 | short |
2015-04-24 14:55:03 | RIGL | sell | $4.840 | short |
2015-04-24 14:55:05 | RIGL | sell | $4.840 | short |
2015-04-24 15:01:33 | RIGL | buy | $4.820 | short |
2015-04-24 15:01:33 | RIGL | buy | $4.820 | short |
2015-04-24 15:04:42 | RIGL | buy | $4.830 | short |
2015-04-24 15:04:42 | RIGL | buy | $4.830 | 0 |
I wasn't.
I exited my long trade, then before I could cancel my stop, the price dropped and triggered the stop to sell what I had just exited.
I then covered for a very small profit.
Sometimes you get lucky.
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Why were you watching this for a short?