In an extreme test of my patience and to try to learn a lesson in holding a position, I shorted this on weakness this morning, set a stop at 8.01 and left for work. I got home in time to sell this right before the close for my largest profit yet. I should try this technique more often.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-12 10:21:48 | CCXI | sell | $7.641 | short |
2014-12-12 10:32:27 | CCXI | buy | $7.590 | short |
2014-12-12 15:58:32 | CCXI | buy | $5.650 | 0 |
...or you could figure out a method that would've kept you in, like stops over swing highs?
I got a chuckle from your technique tho :)
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Nice play. Just let that 1st scale play out a bit more