Friday, October 23, 2015
10/23_IMMY, VTL
-did something I never did and as result I paid my price.
-captured the falling knife and anticipating the bounce is just STUPID!!
-this is the case that stock is never too low and could keep going down more than you think!
-being a scalper and aiming for tiny profit on the bounce is flawed and wrong!!!!
-shouldn't have taken this short trade in the first place because it was slowly uptrending since the market opened
-thought the momentum has shifted but it started to slowly grind up so got out protecting myself
-remember, it is okay to short into morning emotion-driven para NOT slow uptrending para!!!!!!
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