Was looking for a breakdown, and it seemed as if the breakdown was evident. L2 was showing weakness and then SQUEEEEZeeee. I had pretty good size on the trade, so it was a terrible trade when it comes to PnL. One of the worst PnL trades of the month.
1.) Good thing you had a hard stop!--all new traders should have them on stocks under $4.00
2.) L2 can lie to you
3.) Don't be emotional--Good!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-28 09:32:00 | MBRX | sell | $1.840 | short |
2017-06-28 10:05:00 | MBRX | sell | $1.820 | short |
2017-06-28 10:10:00 | MBRX | buy | $1.970 | 0 |
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