I was looking at this as a parabolic short all morning, and got in way too early unfortunately. If i waited i could have gotten an extra dollar out of this short on the first candle.
It moved around in a range for a bit and i ended up getting spooked out at just covered for a small profit... if i waited, i could have caught the much larger move but with stocks like these, the bid/ask spread is so high that it spikes ~100 dollars. In retrospect, i should have positioned MUCH smaller and went for a larger move.
It ended up flushing 3 dollars 10 minutes after i got out. I guess i learned on this one to position smaller on these more volatile stocks with large spreads, and wait for a larger move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-10 09:31:26 | ETRM | sell | $23.145 | short |
2017-01-10 09:46:58 | ETRM | buy | $22.900 | short |
2017-01-10 09:47:03 | ETRM | buy | $22.900 | 0 |
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