*****This is a guest blog submission from Jordan Caroleo - @Jordar411***** — Editor’s Note
Traders, including myself, were caught in a wash of trades in this breath of volatility pushing longs and shorts alike.
One thing that I've heard and have seen were traders anxiously waiting to get short $GPRO. I stepped back, looked at the technical side and asked those traders "why is this a good idea? What is your reasoning?" On Thursday (9/25), I got a response that a traders thesis was "on basis of super extension, possible blow-off top this morning and today being day 3 of big ramp." I also had responses regarding the short Read more [...]
*****This is a guest blog submission from Jordan Caroleo - @Jordar411***** — Editor’s Note
Traders, including myself, were caught in a wash of trades in this breath of volatility pushing longs and shorts alike.
One thing that I've heard and have seen were traders anxiously waiting to get short $GPRO. I stepped back, looked at the technical side and asked those traders "why is this a good idea? What is your reasoning?" On Thursday (9/25), I got a response that a traders thesis was "on basis of super extension, possible blow-off top this morning and today being day 3 of big ramp." I also had responses regarding the short Read more [...]