Shared by
smash
Got in using Chase strategy so ended up with 2k in 21 area with plan to add 3k on dip to 20-20.30 area. Never got the dip. I was tempted to sell half many times. I SHALL NOT SELL until 25. Blew right threw 25. I didn't think this could go much higher. getting exhausted, volume fading. I wanted to have a piece in case it actually continued but I had to lock in those sweet gains so I sold 3/4 or 1500 shares. I watched it heading back to 25 and getting weaker. Of course being the perfect spot to hit it short with size so I sold 300 more. Caught a little off the washout with small size and took a loss on the last piece. This trade is a perfect example of "being a great short seller will help you be a better long buyer" I was watching this for the perfect short opp and that's where I sold, twice!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-08 12:48:00 | ZSAN | buy | $21.611 | long |
| 2018-03-08 12:50:00 | ZSAN | buy | $21.100 | long |
| 2018-03-08 14:29:00 | ZSAN | sell | $25.605 | long |
| 2018-03-08 14:40:00 | ZSAN | sell | $24.532 | long |
| 2018-03-08 14:41:00 | ZSAN | buy | $22.896 | long |
| 2018-03-08 14:42:00 | ZSAN | buy | $22.195 | long |
| 2018-03-08 14:49:00 | ZSAN | buy | $20.300 | long |
| 2018-03-08 15:17:00 | ZSAN | sell | $21.700 | long |
| 2018-03-08 15:26:00 | ZSAN | sell | $19.967 | 0 |
Comments
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Nice run. Did you have it available to short?