Followed one of Kunal's trades. This is the 2nd time this week that I can remember taking a trade simply because Kunal called it out and it backfired. Lesson here is to mute Kunal and perhaps the chat room altogether.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-28 14:11:26 | CEMP | sell | $22.310 | short |
2015-10-28 14:13:50 | CEMP | sell | $22.310 | short |
2015-10-28 14:20:44 | CEMP | buy | $22.170 | short |
2015-10-28 14:24:41 | CEMP | sell | $22.230 | short |
2015-10-28 14:24:48 | CEMP | sell | $22.300 | short |
2015-10-28 14:26:45 | CEMP | sell | $22.550 | short |
2015-10-28 14:36:37 | CEMP | buy | $22.742 | 0 |
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Parabolic setups usually take a few tries to really hit it. Today we had a good trade on CEMP after it squeezed and exhausted around $26, it was basically straight down from there. Kunal likes to short as soon as he sees a red candle, you should play it safe and wait for lower highs and bear flags later on. It's a lot less stressful trust me.