Shared by
JensW
High Risk Trade.
Broke big rule, by doubling up, or averaging up on this daily runner.
Was down more than 430 unrealized at one time.
However, 120 % performance was simply not realistic to me, while these stocks can run 200% per day.
Shorting daily runners can be extremely profitable, but is is also highly risky.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-19 11:37:25 | CNET | sell | $2.347 | short |
| 2014-09-19 11:37:25 | CNET | sell | $2.335 | short |
| 2014-09-19 11:37:25 | CNET | sell | $2.330 | short |
| 2014-09-19 11:43:20 | CNET | sell | $2.625 | short |
| 2014-09-19 12:03:44 | CNET | buy | $2.280 | short |
| 2014-09-19 12:03:44 | CNET | buy | $2.280 | short |
| 2014-09-19 12:03:44 | CNET | buy | $2.280 | short |
| 2014-09-19 12:58:49 | CNET | buy | $2.430 | short |
| 2014-09-19 12:59:21 | CNET | buy | $2.430 | 0 |
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