Replay of Iqiyi Short Trade
I shorted pre-market with the news of IQ selling convertible bond together with the issuance of more common shares and got "scaredy cat" since this was the first time of me trading news + pre-market trading.
So I kind of covered the short trade once the market started trading and only had a gained of $0.57 ($20.62 -> $20.06) but I could have done more by holding and looking at 15m chart for trend reversal but I didn't.
So, reflection points:
1. Scaredy cat made me earn a lot less than I should
2. News trade + Pre-market works
3. Trade more following my convictions and not be chained by my fear
So I kind of covered the short trade once the market started trading and only had a gained of $0.57 ($20.62 -> $20.06) but I could have done more by holding and looking at 15m chart for trend reversal but I didn't.
So, reflection points:
1. Scaredy cat made me earn a lot less than I should
2. News trade + Pre-market works
3. Trade more following my convictions and not be chained by my fear
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