coverded to soon. should have waited it out. up on low volume shorted pre market made 290 profit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-04 08:43:24 | NES | sell | $3.910 | short |
2015-02-04 08:43:24 | NES | sell | $3.910 | short |
2015-02-04 08:58:58 | NES | sell | $4.510 | short |
2015-02-04 08:58:58 | NES | sell | $4.500 | short |
2015-02-04 08:59:16 | NES | sell | $4.600 | short |
2015-02-04 09:32:58 | NES | buy | $3.970 | 0 |
2015-02-04 09:59:01 | NES | sell | $4.010 | short |
2015-02-04 10:11:03 | NES | buy | $3.960 | 0 |
thats what i did. i didnt buy it. i shorted it because it was up on super low volume
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It's not a good idea to buy a stock that gaps up and the first candle is red. They usually keep dropping all day. Szaman taught me this. I like to short these kind of stocks. I shorted NES at $4.12 around 10:00 am and made a good profit.