Great trades, great read and covered 2/3 below $2 but got screwed on bounces went far further than I thought. Ended up giving up some gains earlier. Can't tell which way it will go so covered all. No guessing game.
Used small size on casino long trade. Great entry, great exit. Didn't short it due to painful halt halt halt memory.
No brainer short as everyone on tweeter said it was mistaken on CNBC with CYTK. But that perhaps is the hard part. The key is "timing" and "entry"!!!! Algorithm is nasty!!! If lots of retails in it, the pullback would come sooner and traveled further.
AT09 nailed big DRYS short with profit nearly $60K!!!! Huge trade! He's got ball to size up. I was actually a lil scared and cynical to trade them from shortside. I told myself to short big if they could hang around the premarket top and squeeze another buck from there but nope it didn't the opposite from what I thought, guess lots of retails long into close yesterday and make them long crowded. I didn't use much size b/c I was afraid they could grind grind grind followed by morning panics. Turned out they peaked out near the HOD and hard crashed from there.
Another frustrating part was I was having size on ESEA and wanted high $1's and stared at it all day long!!! It didn't do what I expected. Tired but what can you do....
Overall I traded very well this week not in terms of monetary number I've made but the trade executions including entries, exits, plans, stops, adds, position size, average, etc. Had a consistent week thankfully and will continue to trade appropriately next week!
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