Chased this bad boy and then got a crap fill on my stop. There was resistance at 12.4 and support at 12.2, so I put my stop at 12.19, and filled at 12.03. This trade makes baby jesus cry. Chasing and anticipating at the same time, combined with low liquidity on a long in a weak market = big loss.
300 shares
-$90.47
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-18 09:33:35 | VVUS | buy | $12.320 | long |
2013-04-18 09:33:35 | VVUS | buy | $12.335 | long |
2013-04-18 09:33:35 | VVUS | buy | $12.340 | long |
2013-04-18 09:47:34 | VVUS | sell | $12.030 | 0 |
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