Killer long setup, I flipped from short to long after HOD breakout and holds! Good trade!
Starting midday I started making tons of poor decisions. I was long biased and expecting this microcap can do more but it disappointed me. It stuffed several levels on top but I still held my long position. Near EOD I chased the stock up and down by emotionally trading it. ST really pissed me off because I don't have direct market maker access. It's EXTREMELY DIFFICULT to trade stock with large spread!!!!
Good trade BUT it went way further than I thought!!! Massive unloading today! You never know whether it's good idea to ignore the lull, sometimes it work out sometimes it doesn't
Awesome trades!!!! Cutting losses quickly when it fails to do what I expected. Good losses!
Finally MGT is done!! It went far far over-extended than anyone could think of. I saw a trader I admired on twitter posted "you must be crazy to long this thing" when it was trading around $1.80's. Technical Analysis works perfectly here!! However I didn't buy it! there are two spot that's good for buying!!!- on 5/16 it broke above previous 2 days high and held-the perfect buying spot is $1.80-$2.00. On 5/17, It again broke above $$3.40's and held. On the 3rd day the bids pulled. Michail Shadkin's 3-day gravitational theory works perfectly here!!! Obviously it seems easy in hindsight but at the time no one knew that it could go from 50cents to $5.5. I regret not buying dips
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