Shared by
foldelinio_BOWS
170M float/16% short of float/ 70% institutional
Stop: 16.00$
R: 0
What a crappy trade. The setup was nice, remount of VWAP on volume, coiling up and then the break above 16.10$. Discovered it by flipping through scans, but it already traded into size at 16.10$. I hopped in last second, which resulted in a terrible fill. Also the stock wasn't a low floater and didn't trade on heavy volume relative to float.
Got squeezed out by an algo that pulled bids 5cts deep and decided to scratch it.
In hindsight, I could have held on, but that would have required a decent entry as I was totaly stressed out by that damn thing rocking back and forth around my break even.
Also in hindsight, I should have just skipped that trade. What a waste of commissions.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-04 11:11:34 | AEO | buy | $16.140 | long |
| 2015-03-04 11:35:27 | AEO | sell | $16.140 | long |
| 2015-03-04 11:35:27 | AEO | sell | $16.140 | 0 |
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