auroraspot

Going Against the Flow. Shorting GMS with 2.6 Reward/Risk Ratio

Short
NYSE:GME   GameStop Corporation
Volatility is already way beyond any sustainable numbers. Expecting anytime now the bubble to burst. Trading short term with 2.6:1 Risk:Reward.
Trade closed: target reached: Initially hit SL but re-entering and hit the TP.

Comments

Trade hit SL first, but thankfully I reinitiated the trade once again and hit the target on the next day. This was really very short term trade.
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Short it, more fuel for the rocket.
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Trading volume has declined. The army has moved on to silver amongst others.
Nice to see a post from you again Kolyo
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mickeyrchelipilot ingmar.nieuwold
@ingmar.nieuwold, The army isn't in silver, to spread rumors. The list hasn't changed.
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auroraspot ingmar.nieuwold
@ingmar.nieuwold, There was an attempt in Silver from the Reddit army.. but not successful. Liquidity in Silver is much deeper than GMS or other penny stocks. So I guess we have to wait sometime for a serious Silver short squeeze. I am quite optimistic it can happen in 2021, thus building a sizable position in Silver, but not for quick bucks waiting for the long run to see what will happen :)
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auroraspot ingmar.nieuwold
@ingmar.nieuwold, Hey Ingmar, my friend, happy to see you too! I wasn't active here last year but never stopped trading. Crypto was an especially interesting field to participate in. I hope this year I will have some time to share ideas and trades :)
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Whats your bottom? 237? This stock should be 20 bucks at best.
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auroraspot hurtinhoff
@hurtinhoff, this was a quick trade. I don't have any opinion. Fundamentally, yes you are right. Crazy times.
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