WMB Trade on Feb 8, 2016 09:35 from JoJoTrades: Tradervue User Stock Trades.

Gravatar

Shared by
JoJoTrades

 

+$1,330 net W

: +7.3%
: 3 days
:
this trade is directly linked to

the ETE nightmare
. the crazy dump on CHK bankruptcy rumor was just insanity... I would not accept it. so instead of loading up into ETE even more than I already was, I also loaded up into this WMB, which happens to be tied to ETE via pending M&A. had rather large size in both positions by the end of the initial dump. the bounce was awesome, but unfortunately I could not exit as I had already used up my (3) daytrades for the week, and really do NOT want PDT-status on this account. I had to just sit there and watch this position P&L go up +$1,000, and the right back down to -$3,000. this is in addition to the ETE position which was doing the same. it was a nightmare.

of course this thing bounced on the Daily because that crazy dump down was bullshit. I wanted to get greedy and hold longer, but after a gap down to 12 spooked me, I exited to close this thing out for some decent $$$ profit, as the two positions combined (ETE & WMB) were just too large to continue holding like that, risk-wise.


Execution detail:

Date/time Symbol Side Price Position
2016-02-08 09:35:15 WMB buy $13.380 long
2016-02-08 09:39:28 WMB buy $11.445 long
2016-02-08 09:44:11 WMB buy $11.848 long
2016-02-11 09:59:33 WMB sell $13.498 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in