Did the right thing stopping out before the secondary move took off!!! Looked like HOD stuffing so I got short but it's hard to read and due to recent bad memory and inconsistency I cut everything near HOD. The right thing would be stop out half and give it little more time then react! Glad I got back in and minimized some losses but it unwinded further than I thought.
look very weak and stuffing action near $3.30 area so I shorted again. Added shares trying to make it work but not much selling pressure exist like I expected. When the stock is drifted towards support line there got be some sort of liquidity burst and panicking but not here. I took it as red flag and covered all. it could squeeze if it wants too and possibly day 2 like last time.
$3 couldn't peak so I covered all. should have re attacked again but "bounce short" makes me nervous so I said fuck it..move on.
didn't pan out the way I expected and didn't take any position until my emotions got tighten and Fear of missing out so I shorted into bounce after big washout. Totally bad trade but can't help it.... I should have at least put some shares on pre-market but my history tells me nope...patience..and wait for the entry...then I ended up missing the play.. Patient don't always work out. As short seller you got keep trying! Let chart tests your thesis!
killer trade. 20k shares short near HOD. 5-figure trade without headache and stress.
moves with TOPS but lack of liquidity. got squeezed a little bit. Not ideal entry in terms of position sizing. Should have saved some bullets and waited for better entry instead of freaked out and covered partial.
Overall great day!!! The only way to survive in this game is trade defensively!!! cutting position and taking loss if needed!! don't even think of twice!
turned huge 5-figure trade into small one! too greedy!!!! time stop loss should been triggered!!! I was confident and patiently holding because I have ridiculously good average!! so...starting next week, focus morning action and take the rest of day off!!!! no reason wasting time and energy on choppiness and uncertainty!!!!
No comments:
Post a Comment