Traders often want to trade bigger. Today SNAP offered an example to me of when and how.
I was short Shapchat ($SNAP) intraday and scrolling through the SNAP positions of our other traders on the desk. I felt like I was not big enough in my short. I started to think where I could add to my winning position.
First, one of our firm traders shorted into the close yesterday when SNAP dipped below its IPO price of 17 and held his position overnight. He was the biggest
winner on the desk as SNAP gapped down, and traded down until EOD. That swing overnight is one setup worth study for developing traders.
But for those Read more [...]
Traders often want to trade bigger. Today SNAP offered an example to me of when and how.
I was short Shapchat ($SNAP) intraday and scrolling through the SNAP positions of our other traders on the desk. I felt like I was not big enough in my short. I started to think where I could add to my winning position.
First, one of our firm traders shorted into the close yesterday when SNAP dipped below its IPO price of 17 and held his position overnight. He was the biggest
winner on the desk as SNAP gapped down, and traded down until EOD. That swing overnight is one setup worth study for developing traders.
But for those Read more [...]