It was over bought, dropped at the open, seemed to be setting up to go down, I foolishly bought market and instead of $107 got $106.50, but when it pulled back up to $107 after going lower, I didn't want to panic. Without a hard stop I had set my sell stop price at $107.20, but it jumped strait to $107.60. I still didn't want to panic and gave it a moment, and it jumped even higher.
Did I do anything wrong? Where should I have gotten out. The irony is that if I had waited a ten to fifteen minutes later I could have gotten out almost flat. Of course at that point I may have waited to see if it tanked again.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-21 09:36:47 | Z | sell | $106.530 | short |
2014-05-21 09:46:43 | Z | buy | $107.990 | 0 |
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