Shared by
over9k
- 9:35:48 QQQ S200s LOD break #2 R4c #stopc Exit@-4c was a bit early on the LOD break here, and was too cheap on my stop. 2x screw ups with my stop placement as I was trying to do them too quickly. Ended up with pure luck being on the long side of this trade, and held it. Hard with my STP being a set 400 shares
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-04-24 09:33:47 | QQQ | sell | $190.370 | short |
| 2019-04-24 09:34:56 | QQQ | buy | $190.400 | 0 |
| 2019-04-24 09:34:56 | QQQ | buy | $190.400 | long |
| 2019-04-24 09:37:26 | QQQ | buy | $190.315 | long |
| 2019-04-24 09:38:45 | QQQ | sell | $190.520 | long |
| 2019-04-24 09:40:21 | QQQ | sell | $190.422 | 0 |
Comments
over9k
Was your first short "in anticipation of"? The way TV makes it look, the bar you took it on did not break the low yet.
No I don't think so. Looking back on this I think i waited although it's hard to see with the timestamps. I might have done it on touch of the level.
Did you manual entry your errant "stop" at 2019-04-24 09:37:26 for 200 at $190.315?
Yes manual entry. Was supposed to be a Stop lmit to deal with the Open position that i realized I had.
If you were going to stop yourself out of the unintentional long at $190.315, was it just "I don't want to spend 15c on a position that I didn't want to take in the first place" that made you put what was supposed to be the stop above the wick / LOD?
It was a STP order. So I put it below the wick/LOD, but since it was for a STP long (instead of the intended STP short) it filled instantly when the market was at 190.315. I put it at 190.27 below LOD, but with the STP long it just filled instantly instead of being an actual stop.
Embarrassing trade to put up here.
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Balls! When I saw 1200 shares traded my thought was "well that's a radical departure from 200".
Was your first short "in anticipation of"? The way TV makes it look, the bar you took it on did not break the low yet.
Did you manual entry your errant "stop" at 2019-04-24 09:37:26 for 200 at $190.315?
I'm going to guess that you wanted to stop yourself out there but ended up going extra long instead.
If you were going to stop yourself out of the unintentional long at $190.315, was it just "I don't want to spend 15c on a position that I didn't want to take in the first place" that made you put what was supposed to be the stop above the wick / LOD?
Final exits look great. Like Bob Ross says, "there are no mistakes, just happy accidents". Which is true, especially in this case.