1st trade of the day, nailed it, not much headache, sized in slowly, was ready to take loss whole time.
Ridiculous runner of the day and MR took loss on it.This is very much like SYNC where it made fresh low and grinded back up and then BOOM!!!!Short had been toasted!Nasty trap!!! I have seen this lots of times, when volume is big, it's a dip/washout/weakness buy when trend & whole dollar No. holds!!!!!!!!!!! Should have covered earlier but didn't. Bad trade! Part of the reason I didn't cover was I was up $5k at that point so I was in "i will see what it does" kind of mentality. Always remind yourself, each trade is independent!!!!!
Did a late day fade short but covered because it didn't do what I expected. Good Trade!
Screwed up this niche play!!! Was influenced by Nate so I was long biased the whole time until I realized, wait a minute, it shouldn't have this type of weakness so I got out. This is classic niche play but a obviously a little choppy than MOC b/c had I stayed disciplined, I would get out when it consolidated midday. The ideal shorting spot is into the bounce after it made new low but scared b/c low float today is nuts!!!
I longed it initially but saw stuffing action so I sold toooooo early. Should have stayed longer b/c this turd got <500k shares float and relatively huge volume. Remember ATV??? D4 compared it with ATV and that was also in my mind and perhaps in many's.
Here comes my biggest and most fatally damaging mistake of the day- I tried to short it midday when the movement was fierce and spread and volatility was massive. I once again broke my rule which hanging in front of me- "No short entry after 11am(OPTT)". As result I got ran over and didn't cover at the weak pullback where I was supposed to cover and as consequence I emotionally covered at intraday-1pm top. Numerically I took a little more than $1k loss. Totally totally avoidable!! Again I was very careless due to massive realized gain by far!!!!! It's easy to make bad trade when you know that you are already up big and willing to risk.
Fortunately I started making right decision again. $6.80 long was a perfect trade!!!! I was dead right on people's mentality and action, after putting myself in short sellers' shoes, I just know that it's the spot that the beast will take off-double top & higher low&mega low float=bullish
Sold too early but I don't regret it. I had countless times that I didn't take profit the next minute I was breakeven or even red so this time I went ahead and did the right thing.
Now I did another awesome trade again, shorted near the top due to weakening momo( each time it made new high and traveled big distance but this time it broke above $9.50 and stuffed at $10. So I was thinking the momo is about to shift, not expecting a crash but a pullback was due. Shorted it and added to winner and got out b/c I felt it was still tooooo crowded. In hindsight should have done one more ss but toooo scared to be wrong and didn't want to ruin a good day. Both HMNY and VBLT ended up fading off. Overall I traded well today, did both good and bad trades and good overweight bad.
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