Friday, June 17, 2016

6/17_EXAS, EMES, GBIM

Frustrated day but I did the best I could as a trader
















Saw emotional candle and stuffing action so took ss. Thought it would get rejected by VWAP so added ss but didn't workout, took it off. Stayed Disciplined.

















Killer daily chart so my plan was if $11 holds it could keep going given lots of shorts in it. But it broke down $11 and peaked so got out.


















Another killer daily chart. Overall I traded well both short & long. Took initial ss but  it failed to crack so I covered and that happened to be the BEST cover of the day!
Then flipped long but the first bearish sign appeared I got out. It's extremely hard for me to long a stock because here is the reason. In hindsight this bearish red candle is just normal profit taking, not momentum shift. Then it breakout HOD again and I started long again. This stock likes playing around with traders, whenever it shows signs of weakness it reclaimed and spiked right up. $2.50 was interesting lvl that it dipped below it twice but reclaimed so I added to my long position. trying to be patient but I just don't trust this one. It didn't do what I expected so sold the last piece and called it a day.

No comments:

Post a Comment