0 headache stress free trades but APRI gave me a lot of hard time...
I didn't trade that bad on the frontside honestly speaking. When I saw relative volume red flag I covered into pop. This trash is hard to trade. The lvl of difficulty is beyond what I could handle now. $2.50 got lots of sellers but BOOM!! got ran over then it comes $3.00 resistance then BOOM!! got ran over again.... totally totally unexpected price action and volume!!! There is one thing I did bad on this was "crack and grind" action!!!!! It's got 3 "crack and grind" but I failed to take as much as I should off!!! Very trappy action and Madaz lost his ass bigtime but what differentiates me and him is I could stay calm and objective and patient and trade it but he couldn't. Yes at the end I turned nearly $10k loss day into $7k gain day but man the process isn't easy!!!!
Did a lot of bad trades but good trades as well so I did minimized realized loss quite a bit. Saw the trend break so I stepped in shorted and nailed the pullback b/c due to volume it could still run back up.
After I covered all my shares at 12pm I started making two big mistakes. Given it has traded more than 30million shares I shorted randomly into weakness and got squeezed. The main reason was FOMO and weakness and trend breakdown got me believed this is it!!! It will start unwind but hey trading is all about "ENTRY" AND "TIMING"!!!!! Yes eventually you wil be right but you will experience lots of turbulence and there is chance you can't make to the end!!!!!!! I chose to disregard the time of the day and shorted anyways and I used size!!!!!!!!!!Got squeezed both times but I told myself using $3.90 prior top as resistance and stop out point!!!! Glad it finally worked out!!! Had I went out for lunch and came back after 2pm things will be much much easier!!!!!! It doesn't have to be hard!!!!!!!!!!Classic EOD profit taking and dilution!!!! Same setup as PULM yesterday!!
I been trading crazy these days!!!! Must size down and just chill a little bit!!! can't keep push push push b/c like Madaz it's just matter of time you will have dug yourself deep hole before realized it!!! Just 2 more days before I fly to China so take it easy the rest of week and enjoy the days off and come back stronger!
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