Error -- I sold for a loss of $300. Afterhours trade, system calcualated the loss showing closing price.
There was afterhours news of billionaire buyer. It spiked from 8 to 26. I went in big at 23.85, was up 1.50 a share at one point, but did not have an exit strategy, I wanted to watch it run.
Good: Good play to go long.
Good: Cut losses quickly.
Mistake: Did not look at long term chart which would have shown resistance at 24-25.
Mistake: Position size
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-17 14:58:28 | EFUT | sell | $6.220 | short |
2015-11-23 12:00:00 | EFUT | sell | $8.430 | short |
2015-11-23 12:00:00 | EFUT | buy | $8.550 | short |
2015-11-25 12:00:00 | EFUT | buy | $23.850 | 0 |
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