Shorted $4.25 p/m with an add in mind at $4.50, STP @ $4.61. $4.11 was SSR trigger point. The stock broke VWAP reclaimed and had a lot of strange price action in level 2. That was the reason I covered for a small loss.
--> The reason I covered was very good --> Better safe then sorry. No need to risk money on a position I don’t like.
--> $4.11 was a must cover! p/m is nail and bail!
--> You could have reattacked at $4.57 r/g level with a tight STP
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-19 07:22:50 | DNK | sell | $4.250 | short |
2020-11-19 08:34:59 | DNK | buy | $4.420 | 0 |
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