I felt really good about this one. Great ratio, perfect set up...and then it stopped out before the open.
I had to do a manual stop because it was still pre market and this is where I can run in to trouble. I kept the stop and executed it just right, so it was no problem.
This stock went way up from there and then started to fade until they dropped an offering at 2.50 late in the day. They were probably propping it up above 2.50 for the offering. It would have gone way too far against me anyway for a while, so good job executing stop as planned.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-07 09:06:10 | AREC | sell | $2.670 | short |
2020-10-07 09:06:10 | AREC | sell | $2.670 | short |
2020-10-07 09:06:10 | AREC | sell | $2.670 | short |
2020-10-07 09:06:10 | AREC | sell | $2.660 | short |
2020-10-07 09:21:11 | AREC | buy | $3.120 | short |
2020-10-07 09:21:11 | AREC | buy | $3.120 | short |
2020-10-07 09:21:11 | AREC | buy | $3.120 | short |
2020-10-07 09:21:11 | AREC | buy | $3.120 | 0 |
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