Shared by
metp2202
Tags:
No news
Second day play
Wrong stop placement on ISIG. I was looking for a fade under 23 as we were up clearly for no reasons, Ross was pumping so this added conviction to my thesis. I had a high 24 avg with 2300 shares and once we came back into 25 I feared that we would just squeeze at 26, I didn't want to slip 1-2 points on the name so I decided to take it off. this was a mistake, my thesis was still valid, I needed to handle the pain for a bit longer, wider my stop and it would have been fine.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-12-29 10:06:31 | ISIG | -150 | $25.990 | -150 |
| 2021-12-29 10:14:54 | ISIG | -150 | $25.200 | -300 |
| 2021-12-29 10:15:29 | ISIG | -50 | $25.150 | -350 |
| 2021-12-29 10:15:29 | ISIG | -100 | $25.150 | -450 |
| 2021-12-29 10:15:29 | ISIG | -50 | $25.150 | -500 |
| 2021-12-29 10:15:29 | ISIG | -18 | $25.200 | -518 |
| 2021-12-29 10:15:29 | ISIG | -82 | $25.150 | -600 |
| 2021-12-29 10:16:02 | ISIG | -100 | $25.001 | -700 |
| 2021-12-29 10:16:02 | ISIG | -500 | $25.000 | -1200 |
| 2021-12-29 10:19:02 | ISIG | -50 | $24.990 | -1250 |
| 2021-12-29 10:27:52 | ISIG | -42 | $24.220 | -1292 |
| 2021-12-29 10:27:53 | ISIG | -384 | $24.220 | -1676 |
| 2021-12-29 10:27:54 | ISIG | -174 | $24.220 | -1850 |
| 2021-12-29 10:36:06 | ISIG | -100 | $24.140 | -1950 |
| 2021-12-29 10:36:06 | ISIG | -50 | $24.130 | -2000 |
| 2021-12-29 10:36:06 | ISIG | -10 | $24.130 | -2010 |
| 2021-12-29 11:01:14 | ISIG | -112 | $23.730 | -2122 |
| 2021-12-29 11:01:14 | ISIG | -238 | $23.730 | -2360 |
| 2021-12-29 11:03:54 | ISIG | 2360 | $24.853 | 0 |
Comments
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I had a similar thesis. Shorting is the best way to really see how strong a stock is. I prefer shorting because chances are that the price will come down eventually...especially on NO news. Was down a few hundred early in the trade and ended up +$25.89. I need to learn to endure the pain a little longer. I'm just so relieved once I can cover that I miss out on the profit lol