I took this overnight for two reasons. This was a such a popper I was expecting all those that have been waiting for this stock to recover so people can take profits, I was betting there were going to be more seller then buyers next day. I could have gone wrong. BUT, I felt I had stochastics in my favor as it was a big gap up into over extended range. Call it, reversion to mean kinda trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-09 15:59:00 | VTAE | sell | $14.750 | short |
2015-09-09 15:59:00 | VTAE | sell | $14.920 | short |
2015-09-10 09:42:00 | VTAE | buy | $13.860 | 0 |
what was this trade? i guess it worked just not surewhats beind it.
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What was your setup or reason to hold overnight?