Another attempt at a new IPO..watched this wayyy too long and tried buying the $20 breakout since it had tested it a few times already. The bid-offer spread was 19.90-20.00 for awhile then became 19.99-20.00 and people began taking the offer, so I thought it was safe to get in. To my weak hands, the bids disappeared and the spread became 19.80-20.00 so I panicked and got out for a bigger loss than I intended to have. This was partially due to my using more size than I should've been and unfortunately this would've been a great trade if I gave it more room to work, which smaller size would've enabled.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-07-27 11:28:02 | SNNA | buy | $20.000 | long |
2017-07-27 11:29:05 | SNNA | sell | $19.800 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!