Unfortunately I didn't stick with my plan:
I know GNVC is very likely trading along with ETRM so my plan is simple: premarket short and used ETRM as a guide for me to manage this trade.
Surprisingly ETRM survives and break the downtrend and that should be the point for me to use market order to get out GNVC trade but I didn't. Keep in my I sized in from $7 and if I remember correctly I held 4k shares into the open and I changed the plan. Instead of carrying 0 share into the open I decided to see the price action of the first few candle then make decision from there but the problem is...it moves tooooo fast and furious. By the time I realized what's going on it was already up $.50-$1.00 in a matter of seconds. Same situation I found myself in during shipper mania on SINO and DCIX. I did start downsize into the pullback but couldn't get filled as much I wanted. Didn't think of the possibility that it would touch $10. When it touched $10 I was down $14k realized and $15k unrealized!!!!!! Absolutely nasty and ugly hole I dug myself in. But I was holding my ss tight b/c ETRM's weak action led me to believe GNVC will peak out at $10 and downtrended not necissarily the rest of day but at least will be profit taking phase. At the same time I had shorts on XGTI and IDXG and ETRM's big red slam down got me comfirtable holding position. I used nearly all my BP shorting telling myself this is once in a life time opportunity(YOLO!!) Then starting there I made lots of right decisions-covering GNVC at various points and XGTI and IDXG when ETRM reclaimed and continued uptrending. Thanks to DRYS I stopped out everything!!!!!!
I tried reshorting GNVC at various price and time points but didn't workout given ETRM's strength and staying power and overall low float market environment. I figured the rest of day is not bearish. The next time to attach them will be tomorrow morning!!!
XGTI-awesome trade! stopped out when it failed making lower low. I stepped out my comfort zone and scooped some long anticipating AH/gapper action but didn't pan out as I wanted.
CUR turns out the one !!!!!! I know during this euphoria period, money flows from play to play. Sickness is taken to whole another lvl!!!!! I had best cover at $4.55!!!!!! Profitable trade for me but why didn't I think of long given overall low float reverse split crazy market we are in???!!!!!
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