$350 Profit
RESNShort Stock

1)Volatile stock - Yes. 2)Catalyst-negative news x 2 plus coming off first big down day. 3)Tradeable-yes, IB had a few shares to short. 4)Risk 0.20, reward 0.80 based on tech analysis. 5)Rewards vs. risk good. Shorted 1000 shares. Planned to make $0.50ish/share then get out. Had to leave to help someone out so I covered and took profits. Stock declined past 9 but then rallied the rest of the day to finish at 10.60 -potential reshort later. Did a lot of research before entering in this stock.
Broker:Interactive Brokers
| Date | Price | |
|---|---|---|
| Entry | 3/12/2015 | 9.65 |
| Exit | 3/12/2015 | 9.30 |
- Total Views132
- Position Size1,000
- Percentage3.63%
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