Markets on march 10 , 2016
Short sell $JCOM:
That was a decent move to the downside for JCOM. I was travelling from work to home by train and checking my mobile for interesting tweets and saw that Citron had tweeted a new negative report. Tweet was only 9 minutes old so I fired up my broker account checked the charts and figured that the Risk Reward was pretty decent. With Citron’s latest call on VRX still fresh in mind $JCOM had only 1 way to go and that was down:). Sold 100 shares short. For the first time ever I scaled out 2 x 50. Liked that as well. Pretty solid gain of $449. Erased the loss from yesterday + a nice profit! And that while commuting 🙂
Lesson Learned. Not really a lesson to learn, maybe following the right people on twitter? Oh and scaling in and out that is something worth to practise I guess.