axuiyitiku
09-18-2016,
Hey guys.
So while paper trading last week I ended up making a bit of a blunder.
I went short on General Motors on the 15:th of July. Things were going pretty well for me up until the 23:rd of July when the price suddenly made a pretty big jump in price, up to 32,60 USD from 30,0. If that had been real trading, I would have lost quite a bit of money.
So, right now I'm trying to analyze what went wrong, what caused this jump, and more importantly, how I can avoid similar mistakes. At the moment my best guess is that what made the stock go up so suddenly was an earnings rapport on the 23:rd that was above estimate.
So my question basically is; do you think I'm right in my assumption that it was said earnings rapport which caused this jump in price and how would you recommend that I trade in the future so that this doesn't happen again? =)
http://oi62.tinypic.com/2z68753.jpg
So while paper trading last week I ended up making a bit of a blunder.
I went short on General Motors on the 15:th of July. Things were going pretty well for me up until the 23:rd of July when the price suddenly made a pretty big jump in price, up to 32,60 USD from 30,0. If that had been real trading, I would have lost quite a bit of money.
So, right now I'm trying to analyze what went wrong, what caused this jump, and more importantly, how I can avoid similar mistakes. At the moment my best guess is that what made the stock go up so suddenly was an earnings rapport on the 23:rd that was above estimate.
So my question basically is; do you think I'm right in my assumption that it was said earnings rapport which caused this jump in price and how would you recommend that I trade in the future so that this doesn't happen again? =)
http://oi62.tinypic.com/2z68753.jpg