Shared by
jmos_BOWS
PLAY: Parabolic
Stock went parabolic, waited for go-to set up. Had good patience for entry to not be too early, sold partial into flush. I thought it was the top because of the tweezer tops so I wanted to see some panic or selling but it lacked movement, lacked fear and wasn't moving much. Plan was to hold for bigger play but when it just stalled for several minutes during lunch time, I decided not to risk it as it could have another squeeze in and sold at buy price.
Reasons to sell: flush, minimize risk, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-25 11:41:41 | CLRX | sell | $1.780 | short |
| 2015-02-25 11:45:11 | CLRX | buy | $1.740 | short |
| 2015-02-25 11:48:09 | CLRX | buy | $1.790 | 0 |
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