Would ‘a, should ‘a, could ‘a but hindsight is 20/20. That was todays lesson. SAEX, CTRV.
I did not take a single trade today. SAEX I missed the trade both ways. At the open SAEX washed out for a wash out long set up. I did not take the trade though. Honestly, I was afraid of the range and the potential of more fast, big wash out. Then I missed the short. I decided not to take the short also due to the range and how expensive the borrows were–almost .05 per share! In hindsight I should have taken both trades. But sadly I cant go back in time. I can only try to learn from my experiences. What I should have done here is go in with a much smaller size to compensate for the added risk the range caused.
CTRV was a miss read. I was hoping for a push to 2.40’s to start in short, with a plan to add on further push to the 2.50s. I fully expected it to run more. I was wrong and the stock toped out at the low 2.30’s.