Absolutely got killed on this trade. As soon as I bought, it flushed before I could put a stop on it. Knew it would eventually come back up but placed a $300 loss limit on it and it stopped out. I was ready to break stuff after this fiasco. Thank God it's only paper trading.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-04 09:51:19 | YY | buy | $63.970 | long |
2014-06-04 09:51:19 | YY | buy | $63.970 | long |
2014-06-04 10:03:19 | YY | sell | $62.910 | 0 |
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$YY is very volatile. You really have to have the stomach to trade this. If your entry is not nailed to the T, be ready for a wild ride.