Monday, February 29, 2016
2/29_FDML, GLBL, KERX, MEET
-Bad trade, held it through squeeze, the outcome could have been much worse!!!
-didn't trade it but important lessons!!!!
-1)never capture falling knife b/c you don't know how far it could drop
-2)never short on such bounce b/c ssr is on and shorts could continue get squeezed
-intraday long trade, added to my position b/c it got catalyst- analyst upgrade & earnings. traded on the idea that it would VWAP reclaim and HOD push later..
-didn't workout as planned and it kept dropping so got out!!
-good trade, saw the weakness and took the short risking $3.18 over/under
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