Shared by
jj_BOWS
This has to be my fastest profit of all time! Limit order to buy 1000 shares at $7.15. Fills and immediately runs to $7.26, I exit at $7.24 for a quick $92 gain...oh in about 20 seconds of holding. Ok...so lets be honest...I was hesitant to even include this trade as this is a total LUCKY scalp...but then I thought F-it!! There are plenty of trades that go the other direction so that fact that I took my profits was a good thing. I regret having limited time to trade this week b/c I would have tried to re-enter this stock later given it another chance.
Q. for review- would you take profits that quickly or would I have been better to hold out for the bigger move? Thanks!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-22 14:11:24 | OXBT | buy | $7.150 | long |
| 2014-01-22 14:11:24 | OXBT | buy | $7.150 | long |
| 2014-01-22 14:11:24 | OXBT | buy | $7.150 | long |
| 2014-01-22 14:11:25 | OXBT | buy | $7.140 | long |
| 2014-01-22 14:11:55 | OXBT | sell | $7.240 | 0 |
Comments
JoJoTrades
jj_BOWS
@ScalpTrade - it would have been 20 seconds total but took me 5 seconds to get my order ready, click send and 4 seconds to get filled...so ya more like 30 seconds. I thought of you as soon as I exited this position. Knew you'd like this one. I wonder if I took a bigger position if it would have changed things. Sometimes if it's too much than fills take longer and it hurts these quick moves from being able to get in & out quickly.
markmandy54_BOWS
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Nice entry. This was the secondary run and is always good idea to take profit quickly