Trade recap for January 13th: Beware of forced buy-ins

I didn’t suffer a forced buy-in but I explain them in the trade recap. I will look to cover ECOB in the next couple days and I will certainly sell my other positions soon after the market open tomorrow.

Daily profit: $171.82

Trades at IB:
SLD    2,500    BPAC    false    Stock    0.6070    USD    ARCAEDGE    09:30:17        12.14
+    SLD    2,500    BPAC    false    Stock    .630    USD    ARCAEDGE    09:34:34        7.88
BOT    1,000    ECOB    false    Stock    0.8250    USD    ARCAEDGE    10:04:10        4.12
BOT    1,000    ECOB    false    Stock    0.8400    USD    ARCAEDGE    10:27:12        5.00
+    SLD    7,235    PEIX    false    Stock    2.210    USD    BATS    13:12:44        36.18
BOT    5,000    ISPI    false    Stock    0.3000    USD    SMART    13:23:06        7.50
BOT    5,000    ISPI    false    Stock    0.3000    USD    SMART    14:28:06        7.50
BOT    3,000    GAZU    false    Stock    0.5500    USD    ARCAEDGE    14:29:38        8.25
+    BOT    7,235    PEIX    false    Stock    2.219    USD    DRCTEDGE    14:30:12        36.18
+    BOT    3,000    GAZU    false    Stock    .560    USD    ARCAEDGE    14:36:21        8.40
+    BOT    1,000    ECOB    false    Stock    .810    USD    ARCAEDGE    15:27:36        4.05
BOT    12,000    MDCE    false    Stock    0.2650    USD    ARCAEDGE    15:49:04        15.90
BOT    1,000    GAZU    false    Stock    0.5120    USD    SMART    15:52:02        2.56

Disclosure: Short 27,000 ECOB, long 10,000 ISPI, long 7,000 GAZU, and long 12,000 MDCE. No positions in any other stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

0 thoughts on “Trade recap for January 13th: Beware of forced buy-ins”

    1. My program (Jing) won’t let me go over 5 minutes and I am long-winded. If I want to I can make a longer video, but that is a hassle (and would bore people).

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