Yes, I almost got myself into trouble again. I was thinking to ss small into $2.50s pullback thinking the move is over but a $3 surprising spike squeezed some short sellers out then it started showing weakness with big bidder sitting at $3. So I took a chance ss hammer into that and it followed by a big red candle which tells me this is the backside of the move but still not 100% sure about it as Nate was bullish and planned buying dips in the chat. This is why it's so important to think outside of the box and adapt and adjust your strategies accordingly. It went far off what I expected.
good trade but didn't workout.
***Conclusion:::
I don't know if the crazy market has ended or not will see tomorrow. But today it seems all the low float did what they did. I made small but fortunate that I ss into backside of the move. In the past I would definitely sized in from the first candle and add add add all the way up and emotionally covered some near the top. it's call FOMO!!!!! Remember Michail Shadkin said, rather miss the trade than early!!!! Avoid early at all cost!!!! Yes the stock looks under big selling pressure which literally happened today on MDGS, and KOOL and CCCL yesterday but understand that we are in a crazy, bullishly irrational market! The entire world is looking to buy them at any price!!!!!!! as long as the criteria fitted. 1) stock under $10, 2)low float, 3)percentage gainer 4)volume, They don't care the reason behind the move!!!! They see it and send it market order. This period literally started from DGLY, OPTT, and SPU earlier this month!!!!!!! I lost big fortune this month because I failed to adapt and adjust the way to trade!!!! But very grateful that I survived, learned and became a better trader than before!!!!!!!
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