-a lot of lessons and frustration. burned by in-n-outs, commissions, and ECN fees. stupid
-made my old mistake buying "fallen star" but quickly recognized it and got out and flipped short
-first cover was phenomenal, recognized short-term support on lvl2 and covered half.
-then due to the uptrends and lower highs, covered the other half.
-then saw the stock was staffing around VWAP so shorted it but again it failed to crack and I saw big and constant bidder at $4.10 kept popping up on lvl2 so covered and flipped to long risking $4.08.
-in 3 minutes the bidders got taken down and I recognized "shit it's going to washout and quickly sold without hesitation." if there is any silver lining can be takeaway from my 20's trades today, that exit on my long position(2000shares) at $4.05 was the one!!!!!
-then I was feeling bad because I turned my $4xx green day into $2xx so I picked up the sword and decided to fight it. that was one of the biggest mistakes I ever made and surely I paid for the consequence. but my plan was $4 can be a valid resistance and it should stay below it. So I did have a plan, it wasn't a reckless and emotional trade. but the timing was bad and frankly the stock just squeezed up $0.80 from high $3's, so it's nothing ridiculous...what's the point of shorting???!!!!!
-when the confirmation comes, you got have patience! being too cynical and insecured protects me on the front side but got me shaken-out on the back side. I was fooled by volatility and bluffing bids and emotionally covered into this mother fucker's selling. what a bluffing bid!
-FUCK still got pissed because that MTFer got me. He knew that there were lots of people reading lvl2 and he tried to sell eg:30,000shares so he increased the size on the bid penny by penny and got me thinking "shit, big buyer, ended up covered in panic $4.05. he successfully got me covering into his selling at $4.05 and if without bluffing bid at $4.01, $4.02, $4.03, he wouldn't be able to sell as much as $4.05. but that's a risky approach because a big seller can still sell into his large bid and he could potentially compound his loss. But this strategy does works in a weak and nonliquid condition and when the major selloff has ended.
-shame on me screwing up such EZ and repeating setup..
-turned a great day into good day, then turned a good day into a bad day.
-should avoid shorting such a volatile, extreme liquid, choppy and SSR large cap stock.
-I was just too hungry for profit and got fire onto myself.
-my initial short was good, i don't regret it nor I feel bad about it.
-the problem was after it cracked major whole number support and reclaimed, I didn't cover. I was experiencing up and down, up and down and it really toasted my judgment and mind. Again I was being undisciplined, therefore I took the loss. I still had strong attachment to P&L and I ignored what the price is telling me. bad bad bad trade!
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