Killer setup!!! tons of bag holders therefore shorting it is a must!!!What held me back was my concern that it could break above $4.00 due to over-crowdness. I was trading super conservative these days and afraid to short into parabolic in the morning. have a plan and take it anways! In the morning parabolics, as soon as selling pressure is spotted(long upper wick and red prints on t&s), sized in tiny! The key is to keep position small and take the trade anyways. Know where to add and where to exit! Unfortunately I missed it and only shorted into bounce and made tiny.
ST DAS fucked me up and I couldn't put order in at $3.08 therefore I missed the trade.
Choppy but well-played. The first short was failure but due to market weakness I sized in anyways but it grinded against me so I covered.
I was confident about my 2nd short because it was piercing through resistance setup so I shorted $13.91 risking $13.90(HOD) over/under. Zero regret of taking the trade but it just didn't workout and proud to cut my position when it snapped back towards HOD. Good and disciplined trade
No comments:
Post a Comment