Tuesday, July 19, 2016
7/19_OPTT, HDSN
The easy money is ss morning pops and covered below the vwap. $5 support is too strong to break. Glad I stayed away from its choppiness later the day. Both bulls and bears had hard time.
Both Eric and Splendor started ss it at $7ish. I don't know if it was due to luck or proficiency as a trader that I stayed away from shorting it earlier. I could have located it but didn't b/c it was after 11am and it was steadily grinding up and making higher lows so no reason to short until it gets ridiculous para which it did. I saw the speed up action so basically my risk point was $9.50-$10.00(previous high). It chopped around near HOD and my avg $9.38 was some where in the middle of the range so it definitely made me uncomfirtable and emotional holding it especially it made HOD breakout but I saw it was stuffing so confirtable stayed ss. It made more further attempts but didn't workout so I knew $9 support sooner or later would crack. My stop loss lvl was $9.75 break and hold. Very fortunate that it worked out. Tough one and it's very easy to size in early and got caught in add add add situation and emotionally covered $2 above first entry point. Good trade and keep up !!!!
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