David's Trade Journal

[david_3011]

Trade Journal: Korn Ferry International (KFY) Position Closed

I think I did this to myself. This is the last time I’d ever publish short sales in the public before the trade is completed. This really ruins the purpose of this trade, which is primarily for experimentation.

After I published this trade idea on both iHub and my website, I’ve gotten 2 calls from my broker asking me to cover this short position. Both calls resulted in visible technical pattern reversals. I’ve decided to go ahead and close it. It doesn’t serve any purpose anymore.

I bought the shares back at $18.07 resulted in a 2.8% loss. It’s not a big deal as far as the money goes. I’m more upset with myself for doing the wrong thing than anything else.

I still don’t think there’s any question on the technical or the fundamental aspects of this trade. So, what have I found out from this trade? Although I tried not to think of this possibility, I couldn’t help but wonder whether my trade ideas carried more influence than I’ve ever known.