BIG: Ride Short Trade

This year I am implementing Ride Trades, which are an extension of my Options Trades that have confirmed my trade hypothesis. This allows us to potentially earn more from a good hypothesis.

To further mitigate risk, I will first enter with 50k and once I see further confirmation I will enter again.

Despite the overall market bullishness. BIG's price is still under the Daily 100EMA and 50EMA lines (Bear).

Comment:

There was a price spike on the 2 Feb due to the release on the new interest rates. In hindsight I should not have entered this trade until after this release.

As it was a broad market spike, I ignored it but continued to monitor it incase the market continued the bullish spike

Trade closed manually:

Closed at -867.31. Looking at the hourly price movement, it doesn't look like we will continue a bearish price movement in the short term