Grade=D
P/L: Good. A lot more than I was bargaining for because I accidentally shorted 100 shares.
Entry: I shorted at the top of the range as it was holding under 46.25 and treated it as a bear flag.
Exit: Since I had the huge position that I wasn't expecting, I wanted to offload shares as soon as I was up a bit. I saved 1/4 position for a break of 45 and my lowered stop got taken out before the move down to 44 and below happened.
Lesson: Triple check the position size before execution. This was a good lesson and I actually didn't panic too much. I do need to get out of a situation like this quickly if it's not going my way. No sense waiting around.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-26 10:23:48 | QUNR | sell | $46.180 | short |
2015-10-26 10:25:53 | QUNR | buy | $45.500 | short |
2015-10-26 10:26:23 | QUNR | buy | $45.000 | short |
2015-10-26 10:26:24 | QUNR | buy | $45.000 | short |
2015-10-26 10:30:38 | QUNR | buy | $45.780 | 0 |
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