First trade of the day, anticipated $30 peak-out but was wrong. Overstayed a bit.
good trade but that $1.50 reclaimed freaked me out so I covered.
Late day scalp, goal was not capturing big move. low float+100%up runner+after 3:30pm this shit got big momo. As soon as I saw the base I got out. It reminds me of Shadkin said yesterday, "what's the most difficult thing for a trader even a pro to do?" the answer is realize and get out before the herd does and stop gets hit.
Totally totally unexpected!!!!!! I located 12000 shares. Perfect morning stuffing action so I used all borrows and took a huge position. Didn't workout. Big bidders out there and reclaiming action so I got out which happened to be the best thing I did of the day....
Was actually thinking to long some at $.70s but couldn't pull the trigger. At the point I covered it was still 50/50 to me. But boom volume surged so I took a chance long 5k shares anticipated HOD breakout and run. Did exactly what I wanted and most impressively I nailed the top. Then easy money is over. It can do one of the two things so I observed the price action. Most likely it is going to be stuffed at HOD and pull by the end but still wasn't sure and it seemed extremely crowded to me. So I sit and waiting.....didn't pull the trigger until I saw $3.70 got hit then rejected but again still couldn't pull the trigger........ Was worried about snap back. The price action seemed strange to me. To me by taking short position, yes I could have nail .20, 30cents but that's not the big money is. That's scalp with risking getting squeezed. Essentially I just thought today is not the day yet. But another surprise it pulled at the end. Shorts sitting in the money. Tomorrow, I am looking for weak open$3.00 hold and squeeze.
No comments:
Post a Comment