Friday, November 18, 2016

11/18_DRYS_Roller Coaster day continue...Was down nearly $20k at the top!

















Mistakes/Lessons:
1)failed to respect "relative volume" and jumped on it too early!!!!
2)I did the right things and covered all position when it was holding above VWAP and thought about it could breakout again and get stuffed and I was dead right.
3)But I covered being afraid and it looked like hard to crack and DRYS is the stock I probably don't ever want to touch it again. It is outlier!!!! When rationality tells you it's the POS then next minute it moved up another 2 bucks! You can't use rationality, logic to time and trade it. The best is to avoid. Period!
















WTF. Massive dilution is happening.

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