Good trade, Caught near the top and the bottom. never overstay b/c trend holds
Touching this one is a big mistake, no volume, casino trade.
The market is different every day. Expected more momentum but there was just not much of it. When the stock has nasty long term daily chart, take the short in the morning! Just make sure keep stop loss level tight and short above VWAP
Sadly it was the same mistake I made many times in the past. Knowing that when a stock cracked the VWAP and reclaim and hold is a big bullish sign. But just hard to convince myself to take the trade, afraid of any seller can step in and push it down. After heard Michail's presentation, I thought of it and really for mid and large cap stock, long is a casino trade but there are too many uncertainties.
Was anticipated parabolic but didn't get it and it peaked out at $13. Should have kept my eyes on it because it did para at $12.70's level. whenever you see the sign of selloff, doesn't necessarily mean to take the position but got keep close attention to it and ready to strike! using parabolic or whole day mark for the entry.
Market is showing different face each day and it's important to adapt!!!! I am a very risk-averse trader right now and got lots of patience. On volatile market I do well but in this slow market I often miss the trades. Always be aware of my weakness.
No comments:
Post a Comment