I saw it gapped down, threw in an order 135x3.85, chased it to 135x3.77 then 135x3.74, I looked at the lack of crashing pre market and decided to cancel my short, canceled the 135x3.85 order, was about to cancel the other two orders, stock jumped instantly to 3.98 got executed so fast. was looking to use 4$ as risk, with such an instant lose I covered exactly 1 minute after being executed - also 1 minute before market open. I will update true loss once iBoss updates. No picture sry
| Date | Price | |
|---|---|---|
| Entry | 9/8/2017 | 3.755 |
| Exit | 9/8/2017 | 3.98 |
I didn't want to go 270 shares - my limit is 135 shares :/ similar thing happened with $AVEO also no need for picture because this trade literally took a minute got executed twice at 9:28 covered for an instant lose at 9:29 it gapped down, pre market I was thinking this would crash but NOPE
Other than the mistake of getting executed twice the lesson here is short a stock gapping down if there is volume, there were less than 70 trades before 9:30 and also, if there was volume in hindsight I would still chase, because this setup works most of the time.
Another rough day ay......I think you're pretty unlucky with your executions considering your analysis and preparation it quite good
