Shared by
d3totherescue
Swing Short
Trade Idea:
The stock was pumped after 2:30 PM, and I realized that it was a chat room buy. I started small with 1/5 size, and then I added to my short. I was risking off the 5.50 area, and I added on pops. I want to learn how to swing shorts, and that is why I used small size. I have paper traded swing shorts, but paper trading never helps.
Risk Management:
Risking off 5.50 because that was the ath.
Improvement:
-Hold a little bit longer
-Add on pops, not on break downs
-Recycle shares-Short on pops and cover on bottoms. When the stock pops again, short it
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-02-01 11:11:00 | BSPM | sell | $3.390 | short |
| 2018-02-01 11:17:00 | BSPM | sell | $3.410 | short |
| 2018-02-02 09:31:00 | BSPM | sell | $3.840 | short |
| 2018-02-02 09:44:00 | BSPM | sell | $4.180 | short |
| 2018-02-02 13:56:00 | BSPM | sell | $4.160 | short |
| 2018-02-05 15:15:00 | BSPM | buy | $3.590 | short |
| 2018-02-05 15:39:00 | BSPM | buy | $3.600 | 0 |
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