Not that I am greedy but I really thought today was gonna be the big unwind day for REN so I located additional 2k shares. But didn't workout. Lots of signs of continuation movement but I chose to ignore them and still wanted to give it a chance. When HOD breakout I said that's it Imma out!
Honestly scared to ss b/c the float is very small but saw sellers up there and MR already took partial position. Definitely was influenced by him so I ss small and covered afraid it was crowded. Then saw resistance so reshorted and covered thought .50 would defend itself.
Big picture idea trade so refused to cover single share. Then saw signs of danger so covered. Turned $2k gain into small loss.
However the main damage came out from .70ish and $15 short anticipating $15 is going to peak out. Didn't work so took it off and ate $1500 loss. Then tried reshort a few times but didn't quite work out well except the last one. But very choppy price action and looks like not ready to go down yet. Will most likely avoid it in the future unless it does crazy shit.
No comments:
Post a Comment