Down HUGE in 2 days.
So I chose a wall street darling stock to play, which reported this afternoon, LNKD.
Big mistake again.
I initially went short, as a revenge trade on social media stocks… But kept flip flopping long/short through the trading day, as I got nervous about the price action. Losing confidence with each loss makes for bad trading decisions…
SHORT 1500 LNKD @ $220.45
COVER 1500 LNKD @ $223.39
BUY 1500 LNKD @ $223.49
SELL 1500 LNKD @ $220.05
SHORT 1500 LNKD @ $222.10
COVER 1500 LNKD @ $223.30
Finally, at 3:59 in the final minute before the closing bell, opened a long position again, as I saw some strength building up:
BUY 1500 LNKD @ $223.35
Sure enough, right on cue, stock popped higher on earnings beat, then tanked 5 minutes later… Took it on the chin and sold out in after-hours.
SELL 1500 LNKD @ $196.99
Totally stunned, $48k loss in LNKD…. Account balance stands at $40k. $160k loss in three days…