- on the right track-low float, big vol=lots of shorts, catalyst, so took long position
-the timing was BAD, was underwater for $100 for a few moment.
-pay attention to "initiation candle" & "exhaustion candle"!!!!
-good exit ONLY if locked in some!! left a few hundreds on the table but I did the right thing
-can't wait for the confirmation to initiate short because the price would be inferior, size in when spot "exhaustion candle" and added on lower highs risking the HOD!!!!! in anticipation it would at least retrace or possibly entered the stage of backside!!! always keep "ITEK and AQXP" on the back of the mind, these two are 1 in 1000, farthest tail of distribution!!!
-remember this ticker is up on earning!! It's not a biotech up on phase whatever study/result!!! so it can't do ITEK and AQXP type of move!!!!
-EOD: ST+$792, IB+$1822, IT'S NOT ABOUT MONEY!! it never will!
-was failure on my IB account: had decent average at $4.3 with 1800 shares long and sold my 800 shares at $6.3 and adding to my position at $5.57 and got out all my position when the previous low was cracked.
-was up $3k at a few points but I exercised patience and let the momentum pan out...it was failure because in reality the volume was just NOT there!!!!! COMPARE the VOLUME with AQXP's !!!!
-see how many shares traded per 5-minute on AQXP??
-a few points are good: notice the volume was massive in the morning!!!
-the stock was trading above VWAP at all times!
-even though made money today but traded TERRIBLY!!!!!
-when the volume wasn't there and bidders were not stacking and thick, just GTFO!!!!
-LEARN from the MISTAKE!!!!!!
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