APRI-stupid, casino, undisciplined trade!!!!!! Used size by taking anticipatory approach and as the outcome I took $4k loss. Totally toally avoidable!!!!
Lots of red flags on longside:
1) support crash-$2.65 and $2.50 so why the hell you think it could reclaim and boom?!!!
2) added to loser instead of cutting the position at the failed bounce.
3)diminishing volume but I ignored it! big 200k volume on the first candle and no subsequent volume can exceed it so why the hell I didn't size out!????
4)What comes down to is I am just not good at this setup!
it's dangerous to have preoccupied mind and plan and I compared it to OPTT and HMNY on day2!! Remember every stock is different, every situation is different!
easy trade and I used size, nailed it.
Turned loser into winner. Could have done so much better! Didn't cut full position when saw increasing relative volume that's mistake No.1. Didn't cover enough when support "crack and grind" action appeared.
Tough to trade, long and short!!! can't read its price action!!! lots of confusion and mess!! I did the best I could by followed the price action. Heading into 2:30pm so I sized in but BOOM! unnatural volume spike took off so I stopped out and flippd long. But it seemed HOD stuffy action so I sold my long and flipped to short. Then again the price just wouldn't come down and lots of absorption occurred at $1.90ish then it slowly grinded towards HOD and even breakout so I covered and took loss again but then it did nasty panicking and I thought that's it!!! it's going to unwind so I sized back in again and covered before the market closed. I was in-n-out, in-n-out constantly!!! Lots of headaches and frustration!!! It's not worth it even if you make money at the end!!!
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