got busy with EGLE and saw it grinded away from me. This is the week patient short just don't work out!! Adapt!!
exhausted myself on the front side trying to catch the top. Nasty secondary spike got stuffed and boom 100k shares got out. I was actually thinking to short into pop but afraid due to recent performance and choppy price action before it turned into all-day-fader.
Same mistake as EGLE. didn't short into failed secondary spike and sold off gradually after peaked out at $14. Again I was there but didn't take any action. The main reason was fear and sluggish recent trades and afraid to lose. I was confident on this trade b/c this ramp was contributed for two things:1)fueled by EGLE and 2) former runner. There were lots of inferior retail orders hitting asks!!! but again I didn't short. I had very bad track record shorting secondary spike. In my eyes the stock still got momo and it could pull and continue move upward. As a short seller, you know these two were junks fundamentally. So why not wait till momo fizzle off then size in??????!!! The best way to trade it is still short but risk off trendline and HOD!!! There is no reason to get scared and back off. Huge opportunity cost on my account !!
No comments:
Post a Comment