Shared by
PeytonKP_BoWS
My first short was a good short. The reason I covered the first trade was because the market was kinda messing with my head. Almost all indices were trying to go green at the time. So I covered +.03 just to cover commissions too.
Revisited a few minutes later and got the move I was looking for. I am very happy with my first cover, my second however, was really premature. I think I was just trying to do too much. Been getting burned on my short plays alot lately in the past week, today was the day I should have let things work it out. My second target was 16.77, and it blew past that later.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-03 10:07:07 | GTAT | sell | $16.180 | short |
| 2014-06-03 10:33:01 | GTAT | buy | $16.150 | 0 |
| 2014-06-03 10:44:40 | GTAT | sell | $16.110 | short |
| 2014-06-03 10:53:09 | GTAT | buy | $15.900 | short |
| 2014-06-03 11:23:34 | GTAT | buy | $15.880 | 0 |
Comments
PeytonKP_BoWS
Haha Yeah your right Gabriel, I was definitely trying to do "too much" with this trade, should have just let things develop. I coulda gotten another 15 cents easily if I hadnt tried to micromanage.
kunal00
it happens man. this is a natural reaction.. the gap on this stock makes it a news play so it will trade diff then a stock we short jut because its a stock and we see a short intradfay setup
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Good thing you re shorted. If you are concerned of further losses just put a stop at buy(short) price, you might get stopped out but at least you are green on the trade.
Cheers ~~