HEPA Trade on Nov 21, 2019 09:32 from Chigozie: Tradervue User Stock Trades.

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Chigozie

 

Why did I want to take the trade?

Hit bailout hotkey (Ctrl+Z) at the same time as my stoploss hit, turning this into a short position on a HTB stock.

What did I see?

That I was short 75 shares when I didn't plan on it.

What was the downside potential?

HEPA squeezes over $4.00

What was the upside potential?

I bail out of this position before it breaks $4.00.

How did I manage the trade?

Immediately bought 75 shares. In the past I would have held, hoping for a selloff to profit off this, but it wasn't a part of the plan so I had no business being short.

What was I feeling at the time?

A mix of panic, intrigue, and excitement. I think I might have figured out how to short a stock that is not listed as ETB, which is awesome. Let's see if they charged me extra.

What did I do wrong?

Tried to get out before/after/same time as stop loss. Should have just let it hit or bail out much much sooner. Or use Ctrl+Q (cancel all orders) hotkey.

What did I do right?

Bailed out of short position as soon as I realized what had happened.

How can I improve in the future?

Be much more meticulous when entering/exiting positions if I already have orders set. Anticipate these things happening so they wont again. Continue to bail out, don't hold to make profit even if I would be right. Cancel stop orders if I plan on bailing out manually. Don't plan on manual bailout but still have stoploss set.


Execution detail:

Date/time Symbol Side Price Position
2019-11-21 09:32:35 HEPA sell $3.940 short
2019-11-21 09:32:35 HEPA sell $3.940 short
2019-11-21 09:32:50 HEPA buy $3.980 0


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