One of the best trades for 2019
Our best trading day was on STAMPS.com $STMP. We were able to grab this pick and went short on it with 300 shares. The puts were priced exteremly high so we didn't want to get burned on options even though those paid out nicely at the end of the day. We understood the fundamental changes in the business and also the activity that was taking place in the order flow and shares being exchanged over the past 2 weeks, based on this information we decided to take a short position and were able to gain around $12,000 profit overnight!
A few days later we went short on $YELP which dropped 16% and some other folks from our trading group went short on $PBYI which dumped 30%. We went long on $BYND and took a nice $3,000+ gain as well. All shown in the images below.
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