BacksideTrader

just turned $1000 into $25

This is who you're trading against.

$LNKS short and covered .Cashless warrant dilution played out as expected. Nice fade off the news. I was looking for a move higher toward 3.20 to add, but price faded before I could scale. Took the win and moved on.

$GLMD looks like a potential fade setup into the day after the initial PR spike. Watching for exhaustion and lower highs. No position.

@janu5151 Yes, was not at my desk at that time so I missed it. That was my zone so in hindsight, I probably would have short it that rejection or around 7$.

@BacksideTrader Just curious, is there a reason you didn’t jump in sooner after the massive rejection off HOD?

$BBGI Backside short and covered on this meh news. Revenue down 21%, still unprofitable. Debt deal not closed, bondholder approval pending. Hoping for round 2.

$INHD

$OMEX short and covered. Cut the 1st short then reenter around 2.25 avrg and covered on washouts. 50M float are hard to squeeze.

@FactPulse93508 What did you trade this morning.

@BacksideTrader I didn't trade that stock holy fuck.

$CETX Short, running on Navy SBIR news. Phase I = small contract, not a business changing catalyst imo. Market is pricing CETX like this is a major contract… it isn’t. 1/4 left.

@FactPulse93508 Tools don’t make traders buddy, execution does. Post the chart man.

@BacksideTrader Should i generate it with chat gpt?

@FactPulse93508 Show your chart buddy, i'll wait.

@BacksideTrader If i only i was such a genius with chat gpt by my side.

$SKYQ Short from ~6.20 and covered(the green arrow was fat fingers). No fresh catalyst today, still riding last week’s oil supply crunch narrative. Low float momentum + retail chase = sharp moves and dump.

@GUS_player_C @traderprad @jmuck17 Try again.

@traderprad @jmuck17 Tested everything but still no clear edge

The more I backtest I more I found there is no edge in sc

$COCP Short and covered. Fast Track = regulatory label, not revenue or approval. Still early (Phase 1), limited visibility on data so far. Catalyst was real but often leads to a short-lived move rather than sustained strength IMO. Big miss on SKYQ — wanted it higher around 7.

@nofear_182 It’s the Supertrend indicator on TradingView, I set it to 15-minute timeframe. I use it as a guide for covers.

@BacksideTrader What do you mean 15m Supertrends for covers?

$KIDZ shorted into the highs and used the 15min. Supertrend for covers. Locates weren’t cheap but the conviction was there, compliance regain = weak, technical catalyst, no short interest → no real squeeze fuel and once the push stalled, was just a matter of time before the dump.

$POLA extension short and covered. Pure technical move + momentum chasers. No fundamental support. Can reverse just as fast and it did.

@elbarrikelo No structure, no levels, nothing defined, just noise. At least for me.

@BacksideTrader Could I Ask what you mean with BFRG no range? Many thanks in advance for this post

Shorted $SST backside — rejection at 4.25–4.36 was the trigger. Low float + failed push toward 4.75-5 = momentum shift. BFRG no range, JCSE I wanted higher 1.90-2, ELAB (insane locates) and ASTC no trigger.

$JCSE short an covered on washout, hoping for round 2 tomorrow.