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 get stopped quite a few times. My entries were better but my stops were too tight
Learning Experience
Need to work harder on my entries and become more aware of my stop level especially on stocks that are very volatile but present great profit opportunity
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-28 10:27:10 | AMC | sell | $29.265 | short |
2021-05-28 10:27:30 | AMC | buy | $29.575 | 0 |
2021-05-28 10:29:03 | AMC | sell | $28.846 | short |
2021-05-28 10:30:20 | AMC | buy | $29.170 | 0 |
2021-05-28 10:40:41 | AMC | sell | $31.280 | short |
2021-05-28 10:52:51 | AMC | buy | $31.620 | 0 |
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