I wanted to cover my p/m losses of my long trade and didn’t cover for safe and good profits @ $2.28.
--> Don’t be greedy. Treat the trades separately!
Nevertheless, I stuck to my plan and added to my position at $2.55 with an adjusted STP at $2.63 (slippage). I assumed that the stock spikes after it breaks $2.60 and I didn’t want to get squeezed. The stock failed to break out and I locked in some gains @ VWAP and covered the rest @ $2.35 after the stock failed to break further down.
--> I ended up trading the stock pretty disciplined, but it wasn’t stress free at all. Could have been a solid day, w/o switching to long and being greedy!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-02 09:40:12 | DBVT | sell | $2.450 | short |
2020-11-02 10:09:45 | DBVT | sell | $2.550 | short |
2020-11-02 10:16:53 | DBVT | buy | $2.440 | short |
2020-11-02 10:25:40 | DBVT | buy | $2.350 | 0 |
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