Thursday, August 18, 2016
8/18_REN, GBR, SCYX, EARS_REN overnight_risky
INVT piker trade, thought it would move like SKYS yesterday therefore didn't size in early trying to call the top but it pulled quickly without touching $2. Then it chopped around where I failed to put up shares for whatever reason. Maybe the price is too low and I don't see lots of meat on the bone.
SCYX-morning emotion scalp and turned out working perfectly nailing the top and bottom. My entry plan is around the core $3 peaking thesis and turned out I was damn right and luckily caught the bottom.
Former runner is moving again. I treated it sortof like SKYS yesterday and patiently let it chopped around above VWAP and my vision was it's going to blowoff HOD and stuffed then pulled and turned out I was dead right. I sized in 1k shares at .35 and another 1k shares after the stuffing occurred. then it pulled and located another 1k and ss into volume pop near the vwap. Perfect covers into the wash. awesome trade BUT I should have traded bigger size and held longer!!!! It got destroyed hardcore later the day.
Not expecting to tough REN today but that trend change on volume got me interested. I immediately slammed the bid with 1k shares and it failed to bounce I struck it with another 1k and ended up holding 2k shares with avg. $18.98 risking $19 over/under. It worked out perfectly from the get go so I decided to hold it overnight. I rarely ever hold any position-long/short overnight but this daily chart is too good to pass. The only risk is a/h or premarket news but I will keep eyes on it! If it grinded back up towards $19 I will take it off.
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