Shared by
xmadmike
Shorted this parabolic stock up multiple days hitting long term resistance of $5. Wanted to enter the trade because day 3 shorters got squeezed overnight. The stock made a decent high in the morning and squeezed beyond it later in the day. That panic on short sellers is what convinced me to start a short since the squeeze did not immediate cause more upside which means more supply than demand.
Took 1/4 off when it dipped sub 5, but it reclaimed above 5 where my adjusted stop was filled. Didnt follow my initial risk, but I was right on knowing that recovery was likely to cause additional upside.
Afterhours, the stock is now at 6. Looking for a first red day short.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-18 10:28:00 | BBIG | sell | $5.340 | short |
| 2022-01-18 10:28:00 | BBIG | sell | $5.341 | short |
| 2022-01-18 11:31:00 | BBIG | buy | $4.870 | short |
| 2022-01-18 11:32:00 | BBIG | buy | $4.850 | short |
| 2022-01-18 12:57:00 | BBIG | buy | $5.340 | short |
| 2022-01-18 12:57:00 | BBIG | buy | $5.340 | short |
| 2022-01-18 12:57:00 | BBIG | buy | $5.340 | 0 |
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