I was playing this to the long side because it was up so much during premarket hours. I was so stubborn and I should have noticed that this was a G/R move and I should have shorted this stock. Even Kunal was talking about going short in the chat room.
Even though I know all of this, I still went long and took 2 losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-14 09:35:24 | ONTX | buy | $3.360 | long |
2015-08-14 09:40:33 | ONTX | sell | $3.170 | 0 |
2015-08-14 09:45:42 | ONTX | buy | $3.050 | long |
2015-08-14 09:53:50 | ONTX | sell | $2.920 | 0 |
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