Shared by
ckz8780
Perfect short squeeze. I definitely could have milked more out of this one especially towards the end but I guess I got a little too heavy in it and got nervous. I was being greedy at the end of a $500+ day and got myself a little freaked out. Initial entry at $49.30 squeeze zone, sold some, added back during the flag consolidation under $50, and added again at $50 break for 600 shares at $49.91 average. My downfall then became that I was in too heavy ($30k) and didn't have the balls to let it run. Sold 300 at $50.07, 200 at $50.20 and last 100 at $50.26, then thought it was gonna keep going so decided to add back 100 lotto shares at $50.27 and chickened out, selling it at $50.305. Overall decent trade, just got in too heavy and got a little crazy at the end. Guess I need to get used to working with bigger positions and grow a pair of cajones! Could have grand slammed my $2k+ week with this one and made it a $1k day if I had the nuts!!!
600 shares
+$197.05
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-24 13:21:40 | ANF | buy | $49.344 | long |
| 2013-05-24 13:50:14 | ANF | sell | $49.661 | long |
| 2013-05-24 13:58:29 | ANF | sell | $49.780 | long |
| 2013-05-24 14:21:04 | ANF | buy | $49.900 | long |
| 2013-05-24 14:26:40 | ANF | buy | $50.000 | long |
| 2013-05-24 14:27:23 | ANF | sell | $50.070 | long |
| 2013-05-24 14:27:23 | ANF | sell | $50.070 | long |
| 2013-05-24 14:27:23 | ANF | sell | $50.070 | long |
| 2013-05-24 14:32:28 | ANF | sell | $50.201 | long |
| 2013-05-24 14:32:28 | ANF | sell | $50.201 | long |
| 2013-05-24 14:34:43 | ANF | sell | $50.261 | 0 |
| 2013-05-24 14:36:03 | ANF | buy | $50.270 | long |
| 2013-05-24 14:38:23 | ANF | sell | $50.305 | 0 |
Comments
NWJames_BOWS
Chris, good job. I did look this stock on the same day earlier for potential short, but left before this time. I thought 49.2 VWAP breakout is the better spot to enter. Awesome. Since you entered this trade twice, maybe it would be good to sell 1/2 and run the rest. Hats off to you :)
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Like $12. I have per share commission