Wednesday, May 4, 2016
5/4_GKOS, AXTI, OZRK, ETSY, AROC, SYNC-A/H Shorting must be avoided!
3 Trades and all failed. I managed the 1st short very well by covering when it started basing higher
Then I flipped long but didn't workout.
Finally I saw reclaiming action on $25 so got long again but failed again. A little overstay on last trade.
Traded purely on my anticipation but got out quickly when $3.05 failed.
Good trade, Proud of it! $37 started to base I covered immediately
These 2 worked out.
shorted at $2.74 and got out at $3.10. In hindsight, good job BUT shouldn't have taken this trade! Easy to blowup account!!! Tough to short when it's thinly traded and this one is ultra low float-yahoo said 665k shares float!!!!! I remember Nate said, hour-hr is casino hour. ONLY use it as a guide, don't trade it!!!! Then fliped long, casino trade but the reward can possibly outweight risk. Didn't get $4 and everyone bought it for $4 started to get out.
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