I had attempted a short on this play earlier, my Stop Loss was hit and I was out of the Stock. I recognized that the stock had actually set itself up as a long play. So once again for the FOMO, I entered into the stock for a long position, my entry was not a great one, but it was not that horrible either. I had made the right call, as the stock made its way north and I was in the money. The problem with this trade is that I was unable to stay and watch the action of the stock. If I had been able to stay and watch the action of the stock, I probably would have been able to make a small profit out of it as apposed to taking my set risk loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-06 02:40:00 | KGC | sell | $5.560 | short |
2016-05-06 10:31:00 | KGC | buy | $5.660 | 0 |
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