Ok traders, my last post was about my entry into a short position on FRAN. This trade worked out really well and was a very easy trade to predict. As I stated in the previous article, this was a low float stock that soared from the $5 dollar area almost into the $20 dollar area. Stocks like this dont typically hold their irrational price range so I decided to enter short. I was able to close this position before market close on Friday. As seen from the chart, we dropped from $15 dollar area (my entry was $15.23), all the way to under $11 dollars. I closed the 100 share short position at 12 dollar area and walked away with an easy $320 dollar profit.
Make sure you follow us here on thefreedomgrind.blog and our YouTube channel so you can see when we enter into trades.