This gapped down on the earnings and I thought we were going to see more follow through after we had a day on conolidation. We had a sell off in the morning that I was not a part of, and I managed to get it right at the bottom. I held through the draw down and then could not take it more so I cut literally into a spike just before the dump whcih would have seen me take this trade for a profit.
My problem again was shorting into weaknesss. Never take a PUT into weakness because you will get rekted.
Also on another note. Normaly on earnings when there is a gap and go, those are the ones you want to swing trade because they tend to run nicely for a couple of days.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-12-07 09:58:36 | DEC09 22 00130.000 PUT | buy | $1.610 | long |
2022-12-07 11:05:31 | DEC09 22 00130.000 PUT | sell | $1.190 | 0 |
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