RENN Trade on Jan 3, 2018 15:09 from Rick42Q: Tradervue User Stock Trades.

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Rick42Q

 

Biggest losing trade so far this year - although I'm on track to finish the month of Jan barely in the green, I managed to scalp my way back into profit. This is a good example of getting too emotional and stubborn when a trade isn't going your way. I was obviously short biased and seemed to ignore the indicators that screamed end of day short squeeze. I was expecting a sell off end of day and it never came. I even added to the losing trade, which is something you just don't want to do. Although it was difficult to admit defeat in this case I cut my loss and covered end of day to remove any overnight risk. Although the probability of a following green day was highly unlikely, with my share size I wasn't willing to risk it. Looking back at the chart it appears it would have made for quite a short trade, as expected!


Execution detail:

Date/time Symbol Side Price Position
2018-01-03 15:09:00 RENN sell $17.100 short
2018-01-03 15:09:00 RENN sell $17.100 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:47:00 RENN sell $18.020 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 short
2018-01-03 15:54:00 RENN buy $18.600 0


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