Shared by
suplex57
I played this stock all wrong. I got in short and was watching level 2. I seen a 100k bidder on the bid before it could break down into support. I have should have gotten out when i was still up on my position. I ignored my rules and turned a winner into a loser. The second part of the trade is what killed me. I then reshorted and ignored my rules on shorting without a day trade. I then retook the short and i couldn't get out until the next day and it took me way beyond my risk parameters.
Next time i need to follow my level 2 rules moving forward, and i also need to cut out taking a short without a day trade so i can get out if things get to ugly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-05 09:30:00 | AMRS | sell | $4.320 | short |
| 2019-02-05 09:51:00 | AMRS | buy | $4.540 | 0 |
| 2019-02-05 10:06:00 | AMRS | sell | $4.190 | short |
| 2019-02-06 08:09:00 | AMRS | buy | $5.680 | 0 |
Comments
bodzhar
Ohh, sorry. I realised you traded this on Tuesday and I was looking at it Wednesday. My bad!
suplex57
i traded this on first BO. my first 1k loss on my acccount. I am still up a few thousand but this one took away from profits. lol
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I feel for you! I was watching AMRS just before the open but huge volume at 4.55-ish with no movement and refreshing bid made me nervous, a battle between buyers and sellers with deep pockets had erupted. Was looking short but switched my attention to MGNX there. Probably lucky I did because if I'd seen AMRS break below 4.50, which it did , I might have developed more confidence in it as a short