This one was a mess because the spread was too big and it hit the stop pre market. Be careful on the low volume ones pre market. Fortunately I got out half just above the stop at 10.21, the other half was a lot worse. Slippage got me pretty good.
The position size on this was off as well (too large). I figured the original entry at 10.00, but by the time I got my order in it was 9.85 (and I didn't adjust).
The biggest problem with this one is that it took all my attention from around 9:15 to 9:23. Only 8 minutes, but some of the most important 8 minutes of the day. Need to be cautious on these ones.
The trade wasn't a mistake, the slippage wasn't a mistake. The only real mistake was the position size. Not terrible, managed to salvage it somewhat, but super stressful way to kick off the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-15 09:02:38 | EIGR | sell | $9.851 | short |
2020-10-15 09:19:39 | EIGR | buy | $10.210 | short |
2020-10-15 09:19:56 | EIGR | buy | $10.210 | short |
2020-10-15 09:22:05 | EIGR | buy | $10.310 | short |
2020-10-15 09:22:49 | EIGR | buy | $10.380 | 0 |
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