Thursday, December 3, 2015

12/3_KBIO, FOMX, PSTG, THST


-Again was influenced by Twitter and long biased from the get go. 
-there is nothing wrong being long biased because the chart holds support near my entry and this shit made ridiculous move previously. 
-As soon as I saw the first sign of weakness, got out. Proud of that!
-Made 3 trades on it, 1st one on IB and the last two on ST. lost money on the first two and made money on the last one but proud of my first 2 trades. Very Ironic but I traded it well. 
-the First trade was on IB in the morning weakness and thought it could bounce but didn't and showed weakness so got out immidiately. 
-the 2nd trade was shorting and thought $$9.20ish was the top but turned out wasn't so cut my position and moved on. Great trade. 
-3rd trade-shorting near the top using $9.50 premarket high as guide and turned out the profitable one and later the day it dropped below $9.00, I covered because wanted to focus on THST. 
-Shorting at $16 was due to the resistance perceived at $16.05 and combination of lvl2 and T&S table
-turned out a right and profitable trade
-the best part was covering and moving on. No more overstaying!
-Missed the ridiculous earning morning ridiculous spike using $4.00 or $4.50 as risk level. 
-Was thinking to reshort in the midday VWAP reclaim but again was afraid of being wrong because that is not ideal entry. 
-Was actually waiting and kinda wishing it could reclaim back to $3ish and initial afternoon squeeze but didn't get it so closed my tradestate and called it a day. 



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