**Traded GE today on the good news (kinda) that they are replacing the CEO and working on their balance sheet. The stock took off in the pre market (probably short squeeze) and fell the rest of the day. I started entering when the stock came up against VWAP and continued to add as it continued to fall and on any quick pops on the 1 minute chart. I kept my risk tight and let the trade trend down throughout the day. Had intentions to exit at 12.30, but it looked like buyers were coming in at 12.35ish (over 1 ATR) so I brought my upper stop in to 12.41 and it eventually got caught. I wanted to protect my profits, but if I had kept a wider stop I could have enjoyed a much bigger downmove.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-01 10:19:04 | GE | sell | $12.680 | short |
2018-10-01 10:31:25 | GE | sell | $12.650 | short |
2018-10-01 10:39:43 | GE | sell | $12.600 | short |
2018-10-01 10:46:12 | GE | sell | $12.560 | short |
2018-10-01 11:45:35 | GE | buy | $12.410 | 0 |
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