Friday, July 29, 2016
7/29_TSRI, NFEC, KONE
lots of stuffing but choppy price action so I covered. Had I had better avg I would continue hold
on everyone's rada and looks long crowded so I sold. good trade.
Heavy long. Same action as with many other players recently. rip pull, rip pull then it gets heavy near HOD range. But at the same time it was holding the trend so lots of dip buyers were long it then boom profit taking shake out all dip buyers. I anticipated vwap .50 lvl stuff so entered ss position and that was my main damage. then it just chopped around, up and down. This is the same action happening right now, when you think of short, wait!!!!!!! give it half hour to do its thing before size in!!!! I was once again subject to FOMO and bailed myself out. FOMO in this market kills!!!!
Lots of emotional entries!!!!! that's very short sighted!!!!!!!!! In this market the correct way to trade is cautiously picking an entry point and trade around that level!!!!! Like Michail said, the stock has to do my way not the other way around.
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