Tuesday, June 14, 2016

6/14_LBIX, YGE, AKAO, SGY, EXAS_Be very careful midday PARA shorting!!!!! know where to get out!!!!!!


















No much headache, pretty straight forward. What I am proud of is not $5k I made but 2 reshorts(circle) I made right after I covered. I talked about this earlier, i could feel how strong the sellers up there by using 2k shares hitting offers on lvl2. Nailed it.
The 2nd thing I am proud of was my exit of whole position when it failed to crack by 12pm. Later the day it went to $2.70s and I felt sooooo fortunate that I respected the chart and covered.
Another reason I covered was inspired by Soros' "backpain" trading. Whenever I feel frustrated and unconfirtable I exit position. I don't care the logics, reasoning or whatever bullshit. This is the intuition part of trading. After you trade long enough you know it.

















The only loser of the day. Not that I am pissed of the loss or exited my position. A lot of times right after you exited, the stock behaved right again. What do you do??? You re-enter!!! No hesitation!! The main reason hold me back was fear and had position other stock. I sucked at multi-tasking.

















A little headache at the beginning. I covered half of my position afraid of HOD breakout and ramp but when it topped out followed by red candle I re-shorted!!! Good trades!!!
















Chatroom was talking about it but I completely missed morning para ss. So with SSR on I tried to be careful and patient and shorted into VWAP & volume-driven bounce and fail. Nailed it!!
















Went out for lunch and didn't trade it for better or worse. If I was in front of computer maybe I would short toooo early and refused to cut position when it held and ramped. MR had average $8.70 and held it through $9.20 peak. Very likely I would do the same thing but you never know what you would do until faced with real situation. Just like words I put on the chart.

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