Shared by
aaroncirilo77
This was an OK trade until I didn't cover when the trend broke... stupid ass decision.
This is the second time I've ever shorted and I really screwed up. It wasn't great executions, to begin with, but I was still profitable until I held onto the position after the trend broke. I had a bias that made me believe it would fade to the low 80s. Instead of just trading the chart I traded hope. Additionally, I was stressed trying to do work at my day job and on a troubleshoot conference call so I should have closed my position if I couldn't focus.
Lessons:
- Risk correctly.
- Don't add to winners because of greed.
- NEVER hold on and hope when the trend is broken.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-26 12:01:24 | GME | sell | $106.690 | short |
| 2021-02-26 12:33:11 | GME | sell | $94.070 | short |
| 2021-02-26 12:58:40 | GME | sell | $86.600 | short |
| 2021-02-26 13:10:59 | GME | sell | $95.840 | short |
| 2021-02-26 13:31:31 | GME | buy | $102.510 | short |
| 2021-02-26 14:40:02 | GME | buy | $110.940 | short |
| 2021-02-26 14:40:02 | GME | buy | $110.960 | short |
| 2021-02-26 14:40:02 | GME | buy | $110.960 | 0 |
Comments
jbarros1207
Nice! Question. How do you complete a short? I tried doing it today and had some trouble.
aaroncirilo77
i used a TradeZero account. located the shares then Shorted them when i felt the setup was right.
jbarros1207
Oh ok. Great job. I'm using E-Trade so still learning on how to use their platform as well.
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2nd short I have ever done. The first one was profitable. This one had an unrealized profit of 300+ then I let go against me. Just a dumb decision to hold on to a bias instead of just trading the chart. Newbie screwup.