-$50,863 Loss
BPTHShort Stock
School case of "short account blowout" with the broker pulling the plug when the account went negative from 34K. Several conditions contributing to this catastrophe: lack of experience to recognize the risk of shorting a low float, a 4,000% increase of an obscure bio-dharma with bogus news and short trap set, reversed greed (cannot accept a loss of 7.5K, or 15K, or 20K - all better than 50K) and not applying Tim's rules, starting with the first one of cutting losses fast. Hard way to learn it.
Newsletters:TimChallenge
Broker:Schwab
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Date | Price | |
---|---|---|
Entry | 3/1/2019 | 3.0867 |
Exit | 3/7/2019 | 20.0245 |
- Total Views108
- Position Size3,000
- Percentage-548.73%
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