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HeroTrader
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$IHT has been a top gainer for multiple days. running a very predictable pattern of spiking to the low 8 dollar area then reversing to give almost 2 dollars back every day. for 3 prior consecutive days. Why should today be any different? .... It wasn't, it played out as predicted with the exception of the 100% reversal after the crash. left $6000.00 on the table. I must learn to lock in my gains when up big. earlier in the morning I was up 6K and did not lock it in only to watch the stock fight all the way back up above my entry. I knew it would fail but I still should have locked in those gains and re-shorted back down again instead of holding through that move.. STUPID!
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-05-14 09:30:00 | IHT | -2000 | $7.752 | -2000 |
| 2021-05-14 09:30:00 | IHT | -2000 | $7.880 | -4000 |
| 2021-05-14 14:33:00 | IHT | 2000 | $6.870 | -2000 |
| 2021-05-14 14:39:00 | IHT | -2000 | $6.880 | -4000 |
| 2021-05-14 15:26:00 | IHT | 2000 | $7.030 | -2000 |
| 2021-05-14 15:35:00 | IHT | -2000 | $7.100 | -4000 |
| 2021-05-14 15:59:00 | IHT | 4000 | $6.716 | 0 |
Comments
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It looks like you held your first trade almost the whole day? Wow. I don't think I could ever hold a short of long position an entire day on a low float stock. Too many things can happen. Like an irrational short squeeze or a secondary offering. I'm sure you saw the secondary offering of OCGN? Anyway, good call on the short side.