Shared by
dpaleo
Tags:
colossal fuck up. Thot i put a full stop at new high after the 500 add but apparently not. When I realized it was making new highs and i still had position i didnt do the right thing and cover right then and there to reevaluate. I said to myself, "there is extension and volume has picked up significantly and looks climactic so it might reverse here soon." And that may have been the case but with 2500 shs cant afford to take the chance. At min shoulda covered 1500 shs. This wipes out a couple great days. Dont make this mistake again.
Also 28% short interest in this ridiculous bubble mkt, obviously something drastic was gonna happen.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-01-07 10:46:24 | DDD | -2000 | $17.830 | -2000 |
| 2021-01-07 10:48:12 | DDD | -500 | $17.420 | -2500 |
| 2021-01-07 12:13:11 | DDD | 200 | $21.490 | -2300 |
| 2021-01-07 12:13:11 | DDD | 2300 | $21.500 | 0 |
Comments
dpaleo
way too long. I noticed when it was upper $18s. Coulda been out there, composed myself to get ready for a re-trade. But froze, held and hoped. Never a good strategy
gtrdude6
Ouch, dpaleo! I was hoping you slayed this one. It didn't really stop running on the front side. Did you eventually get short for the drop? Just curious.
YamanTrader
Ouchyyyy dpaleo. It's okay you have more green day than red. Thanks for sharing.
Anyways, would love to share my trade too. Haha couldn't seem to find the share button.
gtrdude, i did not re-short it again on this day as i was past my daily loss limit. Turned out to be one helluva short.
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Stinger! Sorry to see dpaleo. Shitty how that went down. Curious on how long you held after you realized?