Today I decided to test out a strategy I've been tracking and I made the boneheaded mistake of shorting at the worst possible time.
I shorted 100 shares of $WATT @ 15.27 because i thought the morning spike was rolling over. Nope, it was a bullflag. I should have known better but FOMO kicked in and I shorted anyways.
A stock that gaps down this huge is likely to bounce a lot and until it breaks trend, the top is not in. I had to cover two minutes later @ 15.66, the dead ass top of the squeeze, just to protect myself.
I have two full pages written out of why my thesis was wrong, but I know what to do next time.
Posted Feb 17, 17 1:03 PMbyredcandles
Tickers
$WATT
Received 3 Karmas
That's good buddy as long as you learn from your mistakes :) GL!!!
Thanks man, it's all part of it. @LivingLarge88
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