Traded this ok, my plan was to keep this very tight. I identified that their was huge buyers on the 1.93-1.95 level. Was huge seller though at 2-2.01 on CINN ecn. During this trade even after 1 break even & 1 small .02 loss I said to myself that I needed to hit it again no matter what on 2.03 push preferably that spot being an add, 1st buy back spot being 1.93-.95 bid hold with a stop below 1.90. It looked clear to me the seller was really just trying to accumulate on the bid based off the Tape, & well that's what happened. Size wasn't there on CINN ecn at 2.01 when it finally went thru. I failed to do that the 3rd attempt & would have worked. I hesitated which is something im working on for 2014. Have to stay resilient & takes few paper cuts sometimes before u get what you want. Especially since I trade tighter since I know I can just get back in on super liquid cheap ones like this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-02 09:39:50 | PLUG | buy | $1.930 | long |
2014-01-02 09:40:51 | PLUG | sell | $1.931 | long |
2014-01-02 09:40:52 | PLUG | sell | $1.931 | 0 |
2014-01-02 09:55:32 | PLUG | buy | $2.010 | long |
2014-01-02 09:59:47 | PLUG | sell | $1.990 | 0 |
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