Shared by
foldelinio_BOWS
Split: 2:1
Splitprice: 52.66$
What could have been two nice trades ended up in two idiotic chases.
Stock could not hold split price at the open and i should have shorted it. Insted I missed it and shorted the bottom. Then I made a fatal mistake and drew the split price into my chart...but at 51.66$. So I thought, it would remount the splitprice and went long on thre breakout.
What I though was strength, was actually just a squeeze into the split price and a wonderful opportunity to short again. The stock tanked 40cts into the close.
Don't be sloppy, dude!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-26 10:11:16 | MGA | sell | $52.000 | short |
| 2015-03-26 10:15:16 | MGA | sell | $51.960 | short |
| 2015-03-26 10:45:53 | MGA | buy | $51.940 | 0 |
| 2015-03-26 12:56:01 | MGA | buy | $52.370 | long |
| 2015-03-26 13:14:32 | MGA | sell | $52.300 | 0 |
| 2015-03-26 13:41:21 | MGA | buy | $52.420 | long |
| 2015-03-26 13:44:58 | MGA | sell | $52.460 | long |
| 2015-03-26 13:49:48 | MGA | sell | $52.410 | 0 |
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