Thinly traded premarket and knowing the fact that we are in the crazy and wild low float on fire market, why the hell I shorted risking HOD thinking it would get rejected??!!!!! Not good way to start the day!!! saw stuffing then doubled my position. Afraid of continual pushing I covered half and realized $2k loss. But strangely I was feeling okay with it because knowing the fact we are in crazy market and being confident that I will make it back and more later the day. Nice cover near the bottom. Then reshorted it but unfortunately didn't workout as expected so I left it alone.
Biggest gainer of the day but didn't maximize the profit. I took 6k position and covered all when absorption was seen then boom it cracked. I shoulda gave it more time at least until 10:30am but I have to admit I got scared and let fear took over. Afraid of being wrong, afraid of getting squeezed like yesterday. I knew it was parabolic action and most bids and buying were contributed by shorts covering but man still couldn't hold it longer then I should. Then reshorted 6k shares definitely was driven by emotions and vengence mentality but I tried to minimized the impact of it by focusing on the price action. Risking $.40 over/under/hold/not. Glad I was on the right side of momo and later it went down to $4.50ish but I am glad of my exit. The ONLY regret was morning cover due to fear.
AT09 banked $20k on it and I screwed up big time!!! I had conviction it would crash after market open but didn't take the trade in the premarket. I was going to but my order couldn't get filled. My ideal entry price is $3.50s but it just couldn't get there and I think the main reason was it got bashed by John welsh at 8:30am. Knowing the fact it got bashed I should chase but I didn't. These 2 days I let a lot of opportunities pass by because I didn't chase. Sometimes you should!!!
easy trade.
This is the one I chased but it didn't quite workout perfectly. The reason I chased was because RGSE pulled big so I thought it has killed all the momo names. Nope it spiked but turned out to be breakout stuff move so I doubled up. Perfect exit!!
Late day trade but didn't trade it quite appropriately. $3 stuffing got me interested so I asked 2k locates. I planned to trade small and scalp it b/c I didn't want to ruin already awesome day. But the volume surge towards HOD got me interested so I asked another 3k shares anticipating HOD push fail. It did exactly what I thought BUT I didn't exercise patience for scale out. Later the day it went below $2. This is what happen when you have bunch of inferior and weak retail buyers in the stock. Knew it BUT man when you see the profit you just want to take it and especially when you have a great day you don't want wait around and have possible headache even though the price action tells it could go much lower. .... Gotta work on that!!!! Remember every trade is independent!!! the decision you make shouldn't be anything other than price action and chart!
No comments:
Post a Comment