Shared by
math_psycho
News: Overstock to focus on blockchain development over retail. This seems like a risky unexpected move.
Risk: Too many shares and could not give it enough room. This was an F risk trade and could be improved by taking a feeler and shorting more on the pullback. The target was just in front of the next whole number and could have worked if handled better, although this is a perhaps too much of a scalp.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-26 12:27:41 | OSTK | sell | $17.250 | short |
| 2018-11-26 12:29:04 | OSTK | buy | $17.311 | 0 |
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