Shared by
cindylu_BOWS
paper trade: took this short expecting it to be a quick trade. i realized the price was jumping around unlike what i have seen before. then i realized i was watching the effects of a big spread, sometimes .50. also this was a parabolic and i jumped in too soon. paper trading i just let it go. i was over $1000 down. what an awful feeling even if it was not real. finally it turned around and i recovered. i learned to check and see what the spread is and don't short a parabolic.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-12-31 10:59:26 | LEI | sell | $7.800 | short |
| 2015-12-31 13:26:33 | LEI | buy | $7.650 | 0 |
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