Short squeeze. Bottom line - should have just taken the profit at $16 and not tried to get it to push through $16. I don't have the data to back it up yet but I suspect short squeezes don't often push through round numbers when they are already up 25-30 cents. Lost $8 as I tried to get out flat but my order filled 10 cents lower.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-13 12:55:52 | TROX | buy | $15.739 | long |
2012-11-13 13:59:16 | TROX | sell | $15.660 | 0 |
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