-knew that I am not good at trading a stock with 130m float and avg volume 1.3m so I chose not to touch and even look at it BUT turns out good buying opportunity into morning weakness and shorting morning double tops.
-the price is too low for me to trade on ST because of the ECN fees and limit of my buying power.
-Fairly easy trade by shorting into morning pops and cover into the dips.
-the market's slowness continuing into today as evidenced by today's small caps.
-AEZS and GIGA were both former runner that crashed hardcore the past few days and today it started to bounce.
-the reason I didn't short AEZS was because it was steadily moving from red to green and only up nearly 10%. the ONLY reason for me to short is into morning emotions
-GIGA was disappointed because I thought it could run a little higher but didn't. Now it was holding above VWAP and starts to gear so I won't touch it.
-BONT is similar to AEZS. the Momentum is just not there. I hoped it could make secondary spike for me to short into but didn't and it was damned weak so I stayed in cash and NO trade.
-How terrible I traded it, was bored and desperately wanted to trade so jumped on it too quick.
-But the biggest mistake was again never my entry but how I managed the trade, I didn't take it off when it hit my stop loss. PLEASE PLEASE PLEASE learn from this flaw because in the future the loss can easily become 10x, 20x bigger!!!!!!!!!
-large cap is tough to trade and extreme choppy.
-my first short was initially due to responding to the weakness and lack of buyer down below. But this thing bounced back and I cut my losses quickly.
-the second short was again anticipating it will washout and I got it but again tooooo choppy so got out and lost a little on net of both trades.
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