Had conviction and confidence, monitored XLE, XOP on the sideline, took huge position and nailed !
Bad trade!!!! Broke 2 rules:
1) took short position when it was thinly traded premarket, RATHER missd it than touched it!!!!!
2) When it was gearing and trading near the pre-market high a few minutes before the open, didn't get out and thus got squeezed
At the peak I was down nearly $600. Thing could get a lot worse!!!!!!!There is always price when I break the rules
MR shorted it at $3.85 but I missed it. Didn't have a plan when it was time and ended up shorting into rebound into $3 but covered too early. Shoulda give it more time!
CPXX must have 9 lives. Did the right thing shorting it risking $16 but didn't workout.
Mid-float pump finally crashed in the after-hr session yesterday and today it washed out after the market opened before made 100% rebound. Didn't trade it but this case tells me that there is always opportunities in the market. I bet no one ever thought about buy it and the whole world already knew it is a scam so no brainer short but maybe shorts got too aggressive plus momentum chasers stepped in which created the massive squeeze. Always think outside the box!!!!
Almost made the same mistake as on AVXL and VKTX. Was thinking to buy it into midday VWAP reclaim and HOD push. I put in the order but didn't get filled and I questioned myself and canceled the order. Again it's one of those occasions that you let stupidity take over you for no good reasons. This is never a long especially considering 5-minute 5 days chart. It is over-extended!!!!! The ONLY time to buy it is waiting for AT LEAST 2-4 hours quiet consolidation otherwise always remain short biased and short into pops!!!!
No comments:
Post a Comment