A Trade on May 17, 2016 09:42 from TianYu_BOWS: Tradervue User Stock Trades.

Today this A has earning report.And it gap up.
So I'm looking to a ORB.And set my stop under VWAP.
Approximately at 44.84
But suddenly, without any sign, the price go straight down to 24.60 within a second.
I'm shocked because it's actually a tight spread stock and has decent volume.
After a moment it hit 44.50(the opening range low) I'm immediately out in case of something bad happen.
I still don't know how to deal with this situation next time.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-05-17 09:42:23	A	buy	$45.060	long
2016-05-17 09:42:23	A	buy	$45.060	long
2016-05-17 09:45:51	A	sell	$44.400	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=A&trade=4597765&end=20160616&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=A&trade=4597765&end=20160517121551&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=A&trade=4597765&end=20160517104551&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-05-17 12:25:23

Good setup that just didn't work. As for reducing slippage, I think all you can do is adjust position size to account for it. You know mornings are about price discovery and highly volatile, so you have to anticipate fast moves.

A Trade on May 17, 2016 09:42 from TianYu_BOWS: Tradervue User Stock Trades.

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