My most shameful trade thus far, I don't even think I looked at the daily. Totally followed someone in the chatroom on this one even though I told myself I wouldn't to that again. They said NGL was going, and automatically I assumed it was a short. Totally forgot that stocks behave differently at the open, intraday, and at end of day. I saw what I thought was a bearflag and shorted, only to be stopped out with that next raging candle.
Then saw that earlier today there were a few giant green candles that flushed as fast as they spiked. Based solely on that I shorted it at what I thought was intraday resistance and covered my short at the absolute worst price possible. Why, just why.
In hindsight I don't know why I would even consider shorting this sea-saw of a stock. Another friendly reminder not to follow anyone's trades blindly, and think twice before you execute.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-12 13:08:04 | NGL | sell | $12.000 | short |
2016-01-12 13:08:04 | NGL | sell | $12.000 | short |
2016-01-12 13:12:17 | NGL | buy | $12.220 | short |
2016-01-12 13:12:17 | NGL | buy | $12.220 | short |
2016-01-12 13:12:17 | NGL | buy | $12.220 | 0 |
2016-01-12 13:14:41 | NGL | sell | $12.360 | short |
2016-01-12 13:14:41 | NGL | sell | $12.360 | short |
2016-01-12 13:16:44 | NGL | buy | $12.570 | 0 |
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