Shared by
oly_BOWS
Gap fade
Was looking to fade this as it was severely down on the open. I entered using 1m candles and scaled out as it went. I waited too long to exit the last piece.
When I entered, I kept not getting filled and adjusting my price by hitting the bid. What I did not know was ToS was having severe performance issues and it filled all my orders. In addition while the chart had barely moved, my last order filled almost 50c away from where things seemed to be. Fortunately, I noticed and sold back down to my desired 30 shares. This bit of "luck" accounts for half of my gains and I would have had a flat day without it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-06 09:31:55 | TWTR | buy | $50.790 | long |
| 2014-02-06 09:31:56 | TWTR | buy | $50.800 | long |
| 2014-02-06 09:31:56 | TWTR | buy | $50.800 | long |
| 2014-02-06 09:32:04 | TWTR | buy | $51.280 | long |
| 2014-02-06 09:32:28 | TWTR | sell | $51.340 | long |
| 2014-02-06 09:45:57 | TWTR | sell | $52.730 | long |
| 2014-02-06 10:22:48 | TWTR | sell | $53.790 | long |
| 2014-02-06 10:44:50 | TWTR | sell | $51.590 | 0 |
Comments
Markmandy54
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That's a well played trade. Great entry!