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auroraspot
Jan 28, 2021 1:57 PM

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

NYSE:GME15
GameStop CorporationNYSE

Description

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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

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Initially hit SL but re-entering and hit the TP.
Chart PatternsFundamental AnalysisBeyond Technical Analysis
Comments
auroraspot
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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.
mickeyrchelipilot
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Short it, more fuel for the rocket.
ingmar.nieuwold
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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
mickeyrchelipilot
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@Ingmar.nieuwold, The army isn't in silver, to spread rumors. The list hasn't changed.
ingmar.nieuwold
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@mickeyrchelipilot,

zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver

tfmetalsreport.com/blog/10665/comex-silver-and-reddit

To name a few rumors.
auroraspot
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@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 :)
auroraspot
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@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 :)
hurtinhoff
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Whats your bottom? 237? This stock should be 20 bucks at best.
auroraspot
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@hurtinhoff, this was a quick trade. I don't have any opinion. Fundamentally, yes you are right. Crazy times.
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