Monday, January 11, 2016

1/11_ATV_Another ripped day If I traded

-The past week was the most relaxing and chilled week I had since trading. The relaxation came from being free from the market and not had to go through the struggles and traumatic moments.
-If you are not disciplined and respecting your stop loss level, the market will rip you off!! Even ModernRock lost money on ATV, I am sure a lot of short sellers got fucked today.
-VWAP plays a hugely significant role in trading, $7.60ish is an important level to look at!!! According to my thesis, the price should NEVER touch it doesn't mean that it won't touch it!! It means that putting stop loss order in there is ideally right thing to do!! I am pretty sure a lot of traders where caught near the top couldn't accept the fact that being up alot to breakeven then down alot. If I were trading it, Breakeven or even took a small loss by stopping out is the best action of all! This is the trade that I need to review again and again, day by day so that I can be truely disciplined and do the right things!! I am kinda glad that I wasn't trading today. I am simply not ready to trade under such conditions yet!!!

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