Earnings Edge - T. Anderson
Earnings Edge - T. Anderson
Quick loss
Kept thinking that this was up too high and I can't short but thought I would attempt a put option and it failed miserably. This kept going up and up and may have been in a multi day short squeeze.
Was trying to hold for as long as possible but after 20% and it started to go back down and decided to try to sell and then buy back in at a lower price. Bought in 500 share increments and sold in 2 500 share increments for a total profit.
So I had started buying this starting at $20.7, and then 3 other buying at the lowest $19 to get my average. However, once it spiked up, I sold in 2 phases. Once at $24.75 and another at $25.3 for my average sell at $25. Made a decent profit, but I was holding for along time and wasn't sure if this was going up or down again. It went up and way up and I totally regret selling b/c it hit over $50's but I wanted to take profits when I have them so at least I got something.
Bad trade, definitely need to make some adjustments.
Trying to ride the upward trend, but sold way too soon and it continued up to $22 so missing every mark rather than just holding for a long term swing. I thought I could trade these tickers but I am no good at that. I should do what I am good at which is buy and hold.
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