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Based on their financials, I went short SZYM at 2.57 on 12/08, intending an investment. For sure, per the chart, I was very late.

However, I was selling trashing, and knew I was selling trash. So the investment had a high probability of turning a decent profit. However, due to “buy-ins”, I was forced out the position this morning (01/21) at 1.62 due to my broker having to scramble for shares. Net gain: 58.6% (or the very meaningless 4,498% annualized.)

Now comes the post-mortum that has to be done whenever an investment --long or short-- is closed out. Was the investment handled properly? Specifically, by how much did I have to allow prices to move against me for the investment to work as intended?

If you hate seeing charts, then you hate seeing charts. But a price chart is the proper tool to assess investment-risk, and the following chart is good enough for that purpose.

You can see that once I opened, prices moved against me by as much as (-16.7%) --price move 'up' are price moves 'down' for short-sellers-- or a whole lot more than I'd ever tolerate if the position were intended as a trade instead. But I had intended an investment, and I was confident in my fundamentalist work. So I ignored adverse price moves and was vindicated for not panicking out of the position. Right now, prices are 1.73 x 1.72, or higher than where I covered. So, I avoided at squeeze (and reduced profits) on exit out of sheer dumb luck, which is a real No-no. 

How would I score my performance? A 'D' (or 'Dumb') for execution. (1) I was late. (2) My exit was involuntary. So, yeah, I made money --this time-- because the market gods forgave me a bunch of mistakes. Hopefully, when I close out my other shorts, both profits and executions will be better. 

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