Feeling good about my other short and seeing this stock showing TONS of weakness - I missed the first part of this drop b/c I was on the phone and when it fell more after breaking through .30 cent's I put another short for 10k shares and watched this "smoker" drop down to .24 and I coved as it it showed its first green candle. I was about to go long on this right at that point but my son would not stop crying...and thought it best to give him some attention and a "high" five for my $551 in profits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 14:08:05 | PHOT | sell | $0.3000 | short |
2014-01-09 14:08:05 | PHOT | sell | $0.3016 | short |
2014-01-09 14:08:05 | PHOT | sell | $0.3001 | short |
2014-01-09 14:08:07 | PHOT | sell | $0.3000 | short |
2014-01-09 14:16:41 | PHOT | buy | $0.2450 | 0 |
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No setup there. That's a chase. Luckily you made money.