Shared by
iStryker_BOWS
Short 1
Stock was pop the 9ema but couldn't hold it. Flagging under 9ema. Took 300 shares. Stop 8.50. Max lost $150. Ended up covering when it was flagging above the 9ema (5min)
Short 2
Initial: Popped over 9ema, didn't have the volume to push it high so i bought. Stop 7.80. Took 700 shares. max lost < $140.
Thoughts after entering: Why the **** did I enter this. The stock volume completely dried up. AND After I entered, the spread turns to 7.65-7.80. The stock hits 7.85 but I could see on the level 2 the stock being manipulated on the bid, and the bid kept getting whacked. I felt safe as there wasn't anyone to buy it @ 7.85 or above.
AND nailed it, stock just faded. was looking to cover near 7, but it never came close enough for me.
Next time I will not trade this at all due to lack of volume. Final P&L +136.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-03 10:31:14 | BOSC | sell | $8.000 | short |
| 2013-12-03 10:46:34 | BOSC | buy | $8.200 | 0 |
| 2013-12-03 12:18:09 | BOSC | sell | $7.610 | short |
| 2013-12-03 14:05:58 | BOSC | buy | $7.310 | short |
| 2013-12-03 15:18:10 | BOSC | buy | $7.350 | 0 |
Comments
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Nice job finding profits when you consider it a poor trade. That's awesome.