Stock Pick
always play a level zero game
-a plane leasing company that announcing chapter 11 bankruptcy 3d prior
-stock gap up, reaching $16
Strategy
-short the stock while careful not to get short squeezed
-target exit at Fibonacci retracement 50% ($9.7)
Execution
-early entry at $9, stop out at $10.9
-too early re-entry at $12.5, instead of around $15
-limited available fund due to fund tied-up in another 2 stock
-SSR in later stage which broker not allowing leverage
-exit better than expected at $9.48
-possible profit of $795 instead of $324 (40.7% efficiency)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-01 12:01:49 | ACY | sell | $8.990 | short |
2021-04-01 12:19:59 | ACY | buy | $10.809 | 0 |
2021-04-01 12:28:51 | ACY | sell | $12.510 | short |
2021-04-01 13:23:28 | ACY | sell | $13.550 | short |
2021-04-01 18:31:20 | ACY | buy | $9.480 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!