Market was happen in the market
Gamestop (GME) shares traded about 2% lower Thursday pre-bell. Earnings target was missed but improvement in comparison to the last 3 quarter results. No data on full 12 month target though. Performance below sector average
What was the set-up
Expectation of a sell-off after the morning spike
Rvol was clearing over 3
Short interest was quite encouraging
Institutional ownership 25%+
How did I trade it
Shorted the stock but did not exercise a prudent approach. My entries were no in sync with maintaining focus and discipline. Did not work hard enough after having done a proper analysis
Learning Experience
It is not good enough to conduct a proper intraday fundamental. It is just as vital and even more so to ensure all boxes are properly ticked.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!