Shared by
oly_BOWS
This was a gap up and I was bullish. I took an aggressive buy into the first pullback, at vwap/9
stop 4.74
should have waited for confirmation, at least prev high break
I tried to scaleout at 4.95 and for 5 minutes it did not execute for some reason (ToS paper bug?), moved stop to 4.76
I took my scaleout limit order down to 4.94 and again, loads of prints for 10 minutes there but no execution in tos paper. Really suspect a bug. I may have just been in the back of the line but I have seen ToS paper print through my order price and still never execute.
Later in the day it looked like a tripletap/head and shoulders short so I reversed and took that. It worked out beautiful but I let myself get shaken out. Stupid stupid stupid.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-04 09:50:02 | ZNGA | buy | $4.850 | long |
| 2014-02-04 10:51:02 | ZNGA | sell | $4.810 | 0 |
| 2014-02-04 11:26:14 | ZNGA | sell | $4.790 | short |
| 2014-02-04 12:14:38 | ZNGA | buy | $4.790 | 0 |
Comments
Nape_BOWS
Have to take some profit near resistance. Today was a scalp type of day.
oly_BOWS
Thanks guys - both of these I tried to scale out and my limit order did not fill on ToS paper.
For the second, I was stupid. Normally after scaling out I have a nearly free trade so when it didn't fill my scaleout and reversed I got scared out not wanting to turn a winner into a loser.
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Well, I can see where you going with this and why. However, you had some things working against you on the long. Previous day had stopped at prior price resistance. Also, stoch was very high on the daily. I think it will need a few days before moving up more. Great entry on the short, why so tight on your stop?