Shared by
foldelinio_BOWS
Intraday Scan
Stop: 25.71$ first entry, 26$ pullback
R: -1
What a stupid trade. $LL broke 26 and I got in when the size at .66 offer was taken out. Stop was 5cts, alright so far.
Stock flushed hard adn I got gready. I wanted to build a substatial position below 26$ for a continuation move, since I knew $LL to be a weak name from previous sessions.
I should have just closed the position into the capitulation move...After that, volume totally dried up and what I asumed to be a pullback, was just a grind higher driven by algos hunting stops.
The damage wasn't too big with regards to stock movement. I could handle my average pretty well by scalping around the position. But the fact that I wanted to load up destroyed more $ than necessary.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-18 12:54:59 | LL | sell | $25.660 | short |
| 2015-05-18 13:10:40 | LL | sell | $25.180 | short |
| 2015-05-18 13:14:55 | LL | sell | $25.590 | short |
| 2015-05-18 13:15:49 | LL | sell | $25.710 | short |
| 2015-05-18 13:17:52 | LL | buy | $25.530 | short |
| 2015-05-18 13:17:52 | LL | buy | $25.530 | short |
| 2015-05-18 13:25:17 | LL | buy | $25.270 | short |
| 2015-05-18 13:43:05 | LL | buy | $25.100 | short |
| 2015-05-18 13:50:37 | LL | buy | $25.650 | 0 |
| 2015-05-18 14:21:15 | LL | sell | $25.750 | short |
| 2015-05-18 14:34:16 | LL | sell | $25.950 | short |
| 2015-05-18 15:10:39 | LL | buy | $25.970 | 0 |
| 2015-05-18 15:18:59 | LL | sell | $26.040 | short |
| 2015-05-18 15:41:43 | LL | buy | $26.120 | 0 |
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