Unfortunately I have got trapped in the pre drop surge that happen basically always before the SPY falls. When the drop scenario is clear there is always a strange force deciding the price of the stocks that let the price get just up enough to wipe out all the sell orders placed carefully avoiding huge risk or loss. Just when everything it's set to drop we get a spike of a dollar to then drop more then 5. How could you know that that spike it's not a reversal how can I enter at such high price without knowing if the price will drop again and not keeping going up? I don't have to know I have just to limit the losses at very small amounts and let the green run. The balance will be on my favor.
I exited at 61.470 cause I did a mistake setting the profit target once again for the second time today. Entered back only 9 cents below. Stop loss at 35 cents against.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-19 13:24:37 | SQ | sell | $61.470 | short |
2018-12-19 13:25:47 | SQ | buy | $61.410 | 0 |
2018-12-19 13:29:26 | SQ | sell | $61.461 | short |
2018-12-19 13:55:35 | SQ | buy | $61.810 | 0 |
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