Tuesday, January 19, 2016

1/19_BSI, AEZS_important lesson!

-bad trade on BSI by emotionally bought it at $6.30 anticipating the squeeze.
-I know this one is very crowded so the squeeze could happen but didn't.
-Yes it was a bad entry but I closed my position due to failed sustaining momentum.
-It's never a good strategy to trade on anticipation!!! focus on reaction!!
-Good trade even though the outcome wasn't great.
-Perfect example that by combining t&s and lvl2 can really portray the picture of it.
-Thickly traded one with massive selling pressure.
-again I threw patience away and covered my position afraid of reclaiming action.

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