Quick scalp on news alert in IU chat room about SHLL dropping an S1. It ended up being a mistake, which could have really burned me; happy I covered quickly and didn't look to overstay.
That said, I really shouldn't have taken this trade. A news alert in the chat room isn't enough to take this trade; especially not with the size I did. Given how SHLL rallied afterwards, I could have wiped away my whole day and potentially went on tilt.
Given how small these trades are, they're honestly not worth the risk. Let's avoid moving forward. If it's not a playbook setup, don't take the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-24 14:07:37 | SHLL | sell | $36.530 | short |
2020-08-24 14:08:10 | SHLL | buy | $36.300 | 0 |
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