Shared by
rogomon
Shorted this on day 3 of a bullish run at market open after it showed weak price action.
I traded a small 500 shares and had the idea to add another 500 shares. Not sure why I didn't add in like planned honestly. I covered for the .10 cent profit without any real reason to do so.
A better trade would have been to build a 1k-2k position around $1.33 and then lock in profits on the way down but riding the price action until it bottoms.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-24 09:32:57 | PTX | sell | $1.330 | short |
| 2016-03-24 10:16:56 | PTX | buy | $1.230 | short |
| 2016-03-24 10:16:56 | PTX | buy | $1.230 | short |
| 2016-03-24 10:16:56 | PTX | buy | $1.230 | short |
| 2016-03-24 10:16:56 | PTX | buy | $1.230 | short |
| 2016-03-24 10:16:56 | PTX | buy | $1.230 | 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!