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bjstrade9_BOWS
Shorted too late and got the short squeeze in my face.
Execution detail:
Comments
bjstrade9_BOWS
Hey thanks, this one really beat me down. I had a stop just above but the never filled until up there. Thanks for the screencast, I believe this was a short squeeze and I got nailed by it.
markmandy54_BOWS
I actually really like this trade as 14 was support on daily and all morning it was chewing through supply. Should have worked but since it didn't nice stop.
iStryker_BOWS
sorry to clarify your stop was at a good price given your entry. However as the trend lines develop and it broke it on the downside you should've moved them stop tighter
Yes this was a learning experience, I have just lately been more aware that short squeezing can mess with a short. Now that you mentioned it I will be more cognitive in tightening that stop on these trades. Thanks again.
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So you short wasn't too bad, but your cover was way to high. If you are going to play the stock at this point, you have to draw your trend lines.
http://www.screencast.com/t/t0BUSvikx