Market has changed again, "dip buy low float" no longer work today!!!!! It has been working greatly last couple days. Therefore it brought lots of momo chasers out of gate and caused PTX and CARV fade.
They used to be my niche play but due to fear and market sentiment I was afraid to take short. Reviewing recent trades may or may not be good idea and lots of people get killed during their trading career because market keep changing. Same exact setup can yield 2 opposite trades in various market. That's why you can't be consistently profitable. You don't know whether there is gonna be relentless buying or buying cease and they start fade. You can only trade on anticipation and set risk and go from them. Remember no matter what you do, long/short-always know where to cut it!!!!!!!!
lack of volume, add to loser and panic selling. When you long, remember that previous dip shouldn't be crashed!!!! Don't even think hey maybe it's going to reclaim blablabla... who knows.
trappy so don't want headache so got out.
long crowded and no further follow thru. glad I got out when $3.40 is retested.
Unreal friday eod squeeze!!!!wow. unexpected again.
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