Shared by
jmos_BOWS
Play: Parabolic
Stock went really parabolic and wanted the pullback. Put in a started when it failed at 10, stop was 10.5. It started going but since it was so parabolic, i held which i never do. Then when it kept going, I added some more to get better avg thinking the pullback was around the corner so i kept pushing my stop. Took some major heat so I am not very proud of this trade. I did not want to cover at the top so i was patient and let it come back as it couldn't go straight up lol Seemed like it at the time but then it pullback, scaled out to decrease risk and sold all when it seemed ready to squeeze again. Had i held, could have had a small gainer but would have taken some major heat on it so not a good trade.
Reasons to sell:decrease risk
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-20 10:03:25 | ZFGN | sell | $9.820 | short |
| 2016-01-20 10:06:57 | ZFGN | sell | $10.410 | short |
| 2016-01-20 10:15:00 | ZFGN | buy | $11.060 | short |
| 2016-01-20 10:16:49 | ZFGN | buy | $10.910 | short |
| 2016-01-20 10:21:45 | ZFGN | buy | $11.150 | 0 |
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