Shared by
visbay_BOWS
This stock was an all day fader. I wasn't able to trade until late in the day but I shorted when it was moving below the VWAP with a tight stop 2 cents above the VWAP. I sold a few times too soon on a few of my exits. I went at this stock 3 times, all profitable, but I feel as if my third attempt at this short was my best.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-24 14:30:00 | MNGA | sell | $2.060 | short |
| 2014-03-24 14:45:00 | MNGA | sell | $2.100 | short |
| 2014-03-24 15:09:00 | MNGA | buy | $2.040 | short |
| 2014-03-24 15:10:00 | MNGA | buy | $2.070 | 0 |
| 2014-03-24 15:13:00 | MNGA | sell | $2.020 | short |
| 2014-03-24 15:15:00 | MNGA | buy | $1.990 | short |
| 2014-03-24 15:16:00 | MNGA | buy | $1.900 | 0 |
| 2014-03-24 15:18:00 | MNGA | sell | $1.990 | short |
| 2014-03-24 15:21:00 | MNGA | buy | $1.930 | 0 |
Comments
visbay_BOWS
2014-03-24 18:34:26
Thanks for the feedback @Nape_BOWS. I was too quick on the trigger on those covers.
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Nice add at $2.10.. First and second cover could have been better though. When it crack $2 that is when you wanted to cover some into the flush.