last day of mania period! higher low+high=GTFO!!!! especially it's trading near premarket High! had a chance to buy at $5 but hesitated. Used 20k shares and got liquidated some. Didn't respect price, volume and what my body is telling me.
HTGM finally comes to the end and during this period I lost more than $160k!!! Among HTGM, APOP, CBIO, and TNXP and that's absolutely mind-blowing!!! I finally decided to take a step back and review all the trades and my performance up to this point and the conclusion I've drawn is frightening myself. It turns out all the $200k I made last year was due to nothing but LUCK. There were so many instances I was only a few steps away from total meltdown/destruction but I survived. This time I got myself fucked badly. It turns out my strategy is deeply flawed especially during mania period!!! Unfortunately it's the mistake/deficiency that many of us have including LX21, DCvipor JAY, elkwood, grittani, AT09, bullzone, etc. All big time short sellers must be destroyed unless you exercise supreme lvl of patience and sitting on hands and waiting for the momo to fizzle off before step in. Putting all the 5-figure losses together up to this point, the number surpasses $600,000!!!!!! That's absolutely mind blowing!!!!!!!! If I didn't short them I would be up $600k and if I longed some of them even small amount it could be tremendously lucrative. If you sit down in calm and think about it!! I can achieve the same result without experiencing stress by simply longing those turds. Remember, all it takes is just a few big trades to make 6-figures!!!! Starting tomorrow, focus morning action and take the rest of day off!!! come back at 3:30pm and prepare trades for tomorrow! The new strategy I am going to implement is buying those stocks. When shorting, ONLY do it at para with set risk or late day lower high action!!!!
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