Kunal called this one out. I kept waiting for him to exit trade as I wanted to see if he somehow knew it would move back up, but I finally had to cut my losses. He stated his stop was right under 19.60, I got out at 19.86. Still testing on the fact that this is a paper trade. I know now that if I am live in a trade like this, in a trade solely based on the fact that Kunal called it out, I'm going to have to exit the position earlier to prevent a loss like this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-12 10:21:12 | WB | buy | $20.240 | long |
2014-06-12 10:29:46 | WB | sell | $19.860 | 0 |
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