I was looking again for that huge Dead Cat Bounce today on HLF. It started out very good this morning, but it ended up having a very slow downward fade the rest of the day. Went long 400 shares a couple of minutes after it opened and got filled at 28.80. I didn’t put a profit target because I thought shorts will be covering all day since it was Friday. After the huge run-up this morning, I should have sold HLF around 10:30 ET, but got greedy and held on for higher highs that never ended up materializing. When it broke 30 a share around 2:15 ET, I just decided to sell at 29.88 for a 1.08 point gain. I swear it was heading to at least 32 dollars a share today, but I always got to keep reminding myself that, “There’s never certainty in any trade”.
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