Play: PARABOLIC
stock went parabolic, waited for signal of failure or sellers stepping in. Got in very small bc it is volatile and thin. Wanted to see some panic or profit taking, target was 614, but then saw big buyer and started squeezing so got out flat. Should have held stop. Not very good at these, or least trying to learn bc they are so thin, any type of short squeeze can send it ripping. If there is also no panic on a parabolic off the first move and it is more of a grind, then I rather stay away.
Reasons to cover:saw buyer, overreacted, thin stock
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-13 09:59:56 | AMZN | sell | $615.210 | short |
2016-04-13 10:00:53 | AMZN | buy | $615.040 | 0 |
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