This was a crowded short. Everybody was watching and everyone was getting whipsawed. On the 2m chart, you can see the big green emotional candles as stops are being hit and then big red candles immediately after. If shorting extended stocks, it's important to realize when a short play is crowded and short on the pops and cover the drops. So many times in the past I have done this same thing over and over only to realize that I could have made a lot of money had I shorted the pops and covered into the drops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-09 10:02:01 | ADXS | sell | $18.060 | short |
2015-04-09 10:05:29 | ADXS | sell | $18.000 | short |
2015-04-09 10:09:53 | ADXS | buy | $18.178 | 0 |
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