Bought 50 shares with $2 stop on anticipation of flag breakout (stock at all time highs)
Bought 50 more shares, and adjusted stop to $129 inline with $100 risk.
Market had a sudden big drop, and price dropped past stop loss as stop set at AON (sell all or nothing between 10 cents range). Had to sell all shares at less market price due to trade becoming unmanageable, and took loss of -$276. ($176 more than expected)
Have now adjusted stop conditions to sell ANY at stop. This will sell most down for 0.10 cent slippage, and low amount of shares outside slippage will be little loss.
Today was a very choppy day with a lot of stock behaving very volatile inline with market conditions
Lessons for next time:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-05-14 09:40:23 | CYBR | buy | $130.439 | long |
2019-05-14 09:45:12 | CYBR | buy | $130.429 | long |
2019-05-14 09:48:03 | CYBR | sell | $127.671 | 0 |
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