Favorite Trade of the Week!

Trade: I knew the stock was extremely weak so I used starter position to short the backside of the $16 breakdown.

TP: The stock was weak so I started the position in hopes of a swing. I wanted to add more shares into a move above $16.00 but that move never happened. I laid back in hopes that the stock would move against me, but it never did. The next day there was a mini-selloff at the open so I covered.

Improvement: Be more patient, and every move up should be shorted because the stock has such weak price action. Weak stock such as CALA need to be shorted on pops. In the past two days there have been three times that the stock has been green consecutively on the 15 minute chart. So, why are you not shorting all pops on this stock. Be smarter, and please do not look at the trade.