Shared by
GeoJosh
Market was happen in the market
Gamestop (GME) shares traded about 2% lower Thursday pre-bell. Earnings target was missed but improvement in comparison to the last 3 quarter results. No data on full 12 month target though. Performance below sector average
What was the set-up
Expectation of a sell-off after the morning spike
Rvol was clearing over 3
Short interest was quite encouraging
Institutional ownership 25%+
How did I trade it
Shorted the stock but did not exercise a prudent approach. My entries were no in sync with maintaining focus and discipline. Did not work hard enough after having done a proper analysis
Learning Experience
It is not good enough to conduct a proper intraday fundamental. It is just as vital and even more so to ensure all boxes are properly ticked.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-27 13:33:23 | AMC | sell | $25.154 | short |
| 2021-05-27 13:34:01 | AMC | buy | $25.361 | 0 |
| 2021-05-27 14:06:18 | AMC | sell | $26.946 | short |
| 2021-05-27 14:28:16 | AMC | buy | $27.145 | 0 |
| 2021-05-27 15:21:59 | AMC | sell | $28.080 | short |
| 2021-05-27 15:26:02 | AMC | buy | $28.298 | 0 |
| 2021-05-27 15:48:57 | AMC | sell | $26.230 | short |
| 2021-05-27 15:50:28 | AMC | buy | $26.500 | 0 |
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