GME Trade on Jan 29, 2019 11:13 from jakenovak: Tradervue User Stock Trades.

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jakenovak

 

First trade - big bid setup/stacked offers in GME, in at 11.40 with stop at 11.42, stopped out.

Second trade - GME popped to 11.45 after setting up, then quickly returned to 11.40. In my experience, this indicates a wash is even more likely than the last time it had a big bid/stacked offer setup. I hit the bid once again with one lot, and added another lot when the bid began to decrement and the total offer at 11.41 got even larger. It washed, and I took partials after 11c, and took more when it began to get bidded up. I initially had a stop for the rest at 11.32, then I micromanaged to 11.31- no bueno. That didn't really matter though, I took the rest off at 11.25 for no reason other than I was leaving my desk and didn't want to have an open position. I believe my 11.32 stop would have held up, since it pushed to 11.31. The reason I chose this stop is because it had a sort of big bid setup at 11.30/11.31, so above 11.31 those shorts would have probably started to cover. Regardless, good trade with tight risk.


Execution detail:

Date/time Symbol Side Price Position
2019-01-29 11:13:32 GME sell $11.400 short
2019-01-29 11:19:30 GME buy $11.430 0
2019-01-29 11:20:19 GME sell $11.400 short
2019-01-29 11:29:32 GME sell $11.400 short
2019-01-29 11:33:14 GME buy $11.290 short
2019-01-29 11:34:57 GME buy $11.240 short
2019-01-29 11:52:00 GME buy $11.250 0


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