Feb. 4 at 6:38 PM
I am having a difficult time getting over my failures on my
$QS trade and my
$HL trade.
$QS has traded nearly
$4.00 a share lower than
$11.75, I missed out on 30% in that trade. Had I held that position, I would have been in the right spot to put on a short position in
$HL -- I might have captured that entire move from
$30 a share.
I still believe my price target of
$10 to
$12 a share is good but after getting blown up on the last trade, I am hesitant to reinitiate a short position.
Had I had more patience with a winning trade (short
$QS at
$12.75) I would have avoided getting short
$HL (at a basis of
$15.18) before the silver market rally. I would have taken a big gain on my
$QS trade and had more capital to push in at a significantly higher basis on my
$HL trade.
I feel like I had the right idea on both trades and it was bad execution and eagerness to take down a winner that led to me to a big loss. Stubbornness in a manic market too.
