-Perfect morning emotional spike+reverse split+pumpish PR leads me to be short-biased.
-two spots to short on but the ideal shorting spot is when it was rejected by VWAP. Shorting it risking $5.25 over/under has good risk-vs-reward. However on the back of my mind I was always cautious if there is reclaiming action. The right thing would be shorting it with price stop $5.25 and time stop 10:45am. Meaning that if the price started to take off or if given enough time but failed to breakdown, go ahead and cover it.
3 things you want to do:
1)through research, analysis and understanding, make your plan! Visualize what it will do.
2) price stop loss order must be in place!
3) time stop loss order is just as important as price stop order! (Michail emphasizes the importance of time factor which is often neglected by a lot of people)
No comments:
Post a Comment