Stop: 15.75$
R: 0
Dividend: 0.45$
Magic price: 15.54
Sold at bid above magic price at the open and reloaded on an uptick above.
Stock had 20cts day range and huge liquidity and I wanted to double up. Should have held the position because it tanked EDO. Instead I got squeezed when it traded to my break even.
Note to self: Never add into bids in this setup. Wait for size trading at the offer at the top of a pullback and then add.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-26 09:42:51 | IVR | sell | $15.610 | short |
2015-03-26 09:53:35 | IVR | sell | $15.560 | short |
2015-03-26 10:51:54 | IVR | sell | $15.520 | short |
2015-03-26 11:34:11 | IVR | buy | $15.550 | 0 |
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