-first trade was taking advantage of morning emotion, wait till it peaked at $5.78 and long upwick and noticed by sellers at $5.45 so shorted at $5.44 risking $5.50 over/under. Had my finger on "buy" ready to cover anytime it turned against me and kept ripping.
-the 2nd short was good as well risking VWAP over/under.
-the 3rd one was a stupid chase by shorting into weakness and it turned against me. From level 2 I noticed lots of sellers at different price level-$4.30, $4.35, $4.40 and huge one at $4.50. So I reshorted at $4.40s'ish risking $4.50. ended up holding big position with avg. $4.32. Not ideal but I followed the price action.
-later it was full of choppiness and not breaking down the way I expected so I got out.
-overall good and discipline trade.
-bought yesterday anticipating HOD breakout but got out because it didn't happen.
-trash company driven by liquidation of assets and huge debt on balance sheet. I knew this one was crowded b/c the price action. the volume and the tweets all over the place.
-Not holding anything o/n is right thing to do and on hindsight I should have bought some premarket aimed for premarket b/o and started shorting once the momentum shifted.
-The reason I believe most people refused to short when it was in-play was due to traumatic memory of AQXP and many others not long time ago.
-but ALWAYS keep stop loss level TIGHT NO MATTER long/short!
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