OPTT finally pulled but man it was a tough one. Midday offering killed it. I don't know what would happen if no offering was announced, would it go back above VWAP??? As a short seller you have to keep trying. Remember Grittani ss and covered MGT many times before hit big. You don't know when it would happen but as long as keep entry near the stop out lvl and reward outweight risk it's a good trade.
The secondary spike got me panic covered some but as soon as I saw HOD stuffing I put shares back on. Then it just slowly faded thru the day.
I am very proud that I didn't ss into weakness of this low float + SSR stock. I waited for the strength then hammed it. Works out well.
This is tough one. It went over extended far beyond rational people can imagine. I ss $7 which I thought was the top but turned out I was wrong and I didn't cut my position when it kept going upward. I knew the top is near so I asked for more borrows but they ran out. at $9 I was down more than $2k. What a undisciplined trade!!!!! Then it pullback $2 in 2 candles but I failed to take it off. The reason was OPTT and many other small cap turds started pulling so I thought it's finally KONE's turn but turned out I was wrong AGAIN. This is the part gets extremely frustrated and irritated. As a trader I was wrong again and again, countless times. But it's okay. The key is not about right or wrong!!! the key is about what to do when you are wrong!! When you are wrong, admit it, be wrong!!! Get out and reassess the situation.
I did flipped to long later the day and it worked out nicely but the price action got choppy and it seemed it went from short crowded to long crowded so I sold my shares and flipped ss. BUT it was extremely choppy, it kept absorbing absorbing so I finally took it off. There is no point betting money on flipping a coin. Will revisit it tmr.
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