Shared by
Leon64
Target: $21.50 | 1.6667:1 R:r
Risk: $600 vs. $20.70
Setup: They announced some value enhancement plan which should have been a sign that this was BS. The news was shit and I knew it, but I took it anyway. It was so bad that my plan was to short it and went against my thinking.
Pros:
1. My risk management was okay.
Cons:
1. I wanted to short it in the morning, but decided that it was okay to long cause it was setting up. I have started to realize that in this market, the only long plays that work out great have been from stocks that trend the whole morning.
2. I shouldn't really long stuff that I was thinking about shorting in the first place. Especially in the market we are in now.
Note: I must adapt faster.
Old Blog:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-10 10:36:57 | ALKS | buy | $21.000 | long |
| 2020-12-10 10:43:06 | ALKS | sell | $20.720 | long |
| 2020-12-10 10:43:07 | ALKS | sell | $20.720 | long |
| 2020-12-10 10:43:07 | ALKS | sell | $20.710 | 0 |
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