Closing A (Very) Bad Trade on Travelzoo ($TZOO)

By: ispeculatornew
Date posted: 04.17.2015 (5:26 am) | Write a Comment  (1 Comment)

      Post a Comment

Well, it’s bound to happen once in a while. When shorting a stock, the two terrible things that I always fear are the company being purchased or having a breakthrough in  earnings. Yesterday, that second scenario happened as Travelzoo (TZOO) announced solid numbers which I will be digging into this weekend if all goes well. In the meantime, that trade easily reached my stop loss and I’ll be closing the trade which stands at -56%! That actually brings me slightly into negative territory for the year, unfortunately.

FB Chart

FB data by YCharts

If you liked this post, you can consider subscribing to our free newsletters here


1 Comment

  1. Comment by Ken — April 17, 2015 @ 1:06 pm

    Please consider using an interday stop of some kind.

    Otherwise you could get really caught in an even bigger adverse move some day.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.