Shared by
WildThingTrading
Built a pretty big short position (8k shares) and felt pretty confident of a 3.20 break as long as price remained under moving avgs and VWAP. $1165 gain. Goal with these types of trades is to begin sizing up to 20k - 50k plus position sizes as long as liquidity is there.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-10-12 09:32:00 | MGT | sell | $2.300 | short |
| 2016-10-12 09:37:00 | MGT | sell | $2.290 | short |
| 2016-10-12 10:11:00 | MGT | sell | $2.360 | short |
| 2016-10-12 10:28:00 | MGT | sell | $2.320 | short |
| 2016-10-12 11:49:00 | MGT | buy | $2.200 | short |
| 2016-10-12 11:50:00 | MGT | buy | $2.140 | short |
| 2016-10-12 12:05:00 | MGT | buy | $2.170 | 0 |
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