I called an audible and went long at 24.54 with a 500 share position. My stop-loss was at 24.30 so I was risking $125 on this stock going long which I would not have been comfortable taking if it did decided to reverse. I am trading beyond what I comfortable losing to make up for the losses I take early on in the day. I need to become more aware when this begins to happen so my losses don't continue to grow. Fortunately, the stock did not reverse and I scaled out 100 shares at a time as the stock was nearing its highs. I held onto 100 lotto shares hoping for a breakout above 25.78 but the stock broke below the EMAs and I sold the lotto shares at 25.16.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-23 10:45:36 | CLDX | buy | $24.540 | long |
2015-02-23 11:55:42 | CLDX | sell | $25.180 | long |
2015-02-23 11:56:22 | CLDX | sell | $25.260 | long |
2015-02-23 12:00:28 | CLDX | sell | $25.520 | long |
2015-02-23 12:07:21 | CLDX | sell | $25.620 | long |
2015-02-23 12:22:07 | CLDX | sell | $25.160 | 0 |
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Way to be flexible after the first entry on the short. Nice