There is no reason to get short TLRY. Since it was the stronger of the pair, if I want short exposure, I should put it all on the weaker stocks. That would be CGC or ACB.
I put my stop near the high of day, so the loss was small. I pretty much shorted into a support after we were relatively speaking, extended downward. When you consider the news, it was important that I was only short at very good prices.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-25 09:36:16 | TLRY | sell | $7.725 | short |
2022-03-25 09:37:01 | TLRY | buy | $7.818 | 0 |
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