Wednesday, December 14, 2016
12/14_VCEL, SKLN, IDXG, UVXY, SPY
VCEL-good trades overall. 1 regret-given massive volume, should long some into breakdown.
IDXG-abnormal volume got me out, good trade
SKLN-was overly protective, holding above VWAP, consistent volume, it kept reclaiming $4 and many people coulda have shorted it got me think it could be crowded. I saw Auspex's tweet and knew it was trash but afraid of being on the same side of crowd so didn't partake the unwind. Given the fundamental and morning action, shoulda at least put up some risking HOD!!!!
after 2pm-FOMC and saw Fed decided to raise the rate and market got crushed so long toward UVXY. Had right idea but doesn't mean I would take money out of it. At the top I was up $1k but didn't take it and the frustration got me out and reassess the situation and therefore missed the move. ETF is just not right for me especially after got used to trading small cap low float I became too vigilant, even one panicking candle could stop me out but that's NOT how you traded ETF!!! You must have big picture idea and allow yourself more wiggle room than trading low float turd. I don't usually have patience and i have lots of fear in it, so in the future likely avoid all ETF! It's just not for me!
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