Shorted too early and failed to cover into weak pullback and got squeezed. Then reshorted but feeling this one was crowded so got out. Large bids kept popping up got me concerned.
I don't know what the hell I was doing on this one. Good analysis, good read and was thinking to short but didn't pull the trigger. Historically it gapped twice and failed both of times so I figured this time was no exception but couldn't pull. The main reason was I afraid to lose on my CP. Starting tomorrow trade small and focus ONLY on high probability setup!!
Bought both but wrong on both. I cut my loss so not bad trades.
Took a nap and woke up and saw it tough $12.50ish out of my surprise! Tough one b/c every rip met selling pressure. I am sure lots of shorts got smoked by it and panic covering into $11ish or $12ish. I did the right thing b/c it failed to crack so I covered. Today's action REN, TOPS, OPGN, patient shorts won the race!!!! Patience, Timing and entry is the key trading today!!!!!
Took a nap and woke up and saw it tough $12.50ish out of my surprise! Tough one b/c every rip met selling pressure. I am sure lots of shorts got smoked by it and panic covering into $11ish or $12ish. I did the right thing b/c it failed to crack so I covered. Today's action REN, TOPS, OPGN, patient shorts won the race!!!! Patience, Timing and entry is the key trading today!!!!!
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