3 shorts and 1 long and none of them worked out!
Tough to trade indeed, trappy and choppy price action, extremely hard to gauge which direction price is moving. The biggest mistake unfortunately I made was morning long anticipating continual momo but boom $.50 haircut got me out! Very emotional trade!!! Buying a stock with premarket peak above it is never a good trade!!! Very likely it's gonna be a stuff move.
Then tried shorts twice later the day but none of them worked out. Both times had nice flush but quickly reclaimed. this is one of those plays that no matter how hard you try, it just won't workout!
After taken loss from NYMX it set myself on fire and looking eagerly for making money when I found VNDA made parabolic move so I ss right away but didn't workout. Reshorted it but again too strange and bids held it firmly so I covered again. Frustrated one followed by NYMX.
I have to admit that I was influenced by AT09 so I added to my short position despite lots of red flags on it. This is just like SGY and CLVS. It touched VWAP twice and that's not a good sign for shorting!
Should have gotten out before everyone else did!!! You wanted be the first one to spot it!!! remember FIFO-First in, First out!!! That's how you survive in this market!!!
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