No wonder Shadkin said all longs are casino trades. They don't have to workout!!Keep that in mind!
veTough one but I traded it the best I could. Should have covered all when it was hugging the VWAP early morning but didn't. The price action is very choppy. It's got lots of emotions and very jumpy. I originally thought it would jump around and boom crack $18 mark but was wrong. It continued to move upward and it's extremely hard for me to cover at a decent price. I was holding 4k shares with $18.50 avg at the end when it was flat lining. But each dip got bought so I covered 1500 shares. I was still short biased because it seemed very stuffy at the top. Then finally it had massive stuffing followed by flush. It still couldn't make new low so I went ahead and covered all. At the top I was down more than $2k but finally I ended up making $600. shew... glad I was not entirely wrong but this type of trade is super super avoidable!!!! Double digit stock is hard to trade!!! I've learned my lesson the hard way multiple times past 2 weeks!!!!!
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