Monday, September 12, 2016

9/12_NVGN, REN, MOMO, MPET_The best trade of the day is "NO TRADE"!

Wrong mentality today, told myself to size up yesterday!!! I don't want to settle for mediocrity!!!! But man today is not a day for that!!! Remember lx21, he lost more than half million b/c he wanted to step up the game when it wasn't a good time, good setup.

















First trade of the day, former runner but didn't workout. I hesitated otherwise I could get out with smaller loss.

















Killer daily chart and today could be the unwinding day. again didn't workout.


















Again was wrong, not ideal setup but afraid of missing out opportunity. Mainly because MOMO cracked big last friday so I thought it could do what MOMO did. didn't workout. I traded 2k shares and only covered half at r/g. Covered the rest b/c it was grinding and showing no signs of fading.

















just wow... no one expected such move. Thought entire morning's move was squeeze and it should start to fade as profit taking continued. market was going straight up today. I have to admit MOMO trades with SPY. When market is bullish and strong, it's hard for it to weaken. Like EpicaCapital said on twitter, "bear market only lasted 6 hrs."

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