ACY Trade on Apr 1, 2021 12:01 from JustAPenguin: Tradervue User Stock Trades.

Gravatar

Shared by
JustAPenguin

 

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


Leave a comment about this trade!

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!

View plans, Sign up for free, or Log in