Skipper86
Short

Put analysis - High risk trade

NYSE:SNAP   SNAP INC
Double Top reversal with volume-confirmed intermediate-term downtrend with minor upward fluctuation approaching support. Reversal point expected in coming days. Historical corrective downslope used to anticipate minimum downward trajectory of intermediate trend.
Trade active: Black Friday Update: Held onto the puts because my prediction was right at first, then when the price action turned bullish they lost 80% of their value. The price is currently in the Twilight Zone at $15.25. I need a market correction and a small miracle to reach the Jackpot zone by Dec. 20. I haven't lost all hope yet. I have short shares sold at $14.90 which I'll be getting rid of if the price reaches $17.
Order cancelled: The put contracts expired worthless. Was worth the risk.

Comments

It's not going to do that. Don't know how you people make up this stuff lol I'm going to call this a triple top up
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Great chart btw! I have the habit of looking for confirmation bias after picking trades and this makes me feel good lol
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Skipper86 e34life
@e34life, what a relief today was after 2 days of being in the green. I'm hoping to see continuation of the selloff and increased volume tomorrow.
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Nice! I shorted today 13.5 @.31 hoping to get a nice win tomorrow
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Skipper86 e34life
@e34life, cheers!
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