Intraday+daily breakout but the volume is pathetic so bailed out. good trade. CCCR got curse!! Would never consider long it unless erratic volume and price action.
time stop loss triggered. MR's got patience and made $$ on it. For me I gave it time, didn't work out in the timeframe I specified I got out. No question to be asked!
In hindsight washout long risking premarket base and yesterday's resistance line. But unfortunately it's just so difficult for me to buy big red candle like that!!!! I am okay to short big green candle BUT big red candle...nahhhhh.. This one traded 30m yesterday and breakout over premarket high and shorts took position yesterday anticipated offer news wrong so It's got be a long!! In my eyes this chart is different DRYS, ETRM and HTGM b/c it doesn't have killer short trap. I thought it's pretty obvious that the stock untrending nicely yesterday what kind of idiots would hold short?!!!!! to my contrary there are stupidity out there!!!! Not necessarily stupidity just that people betting again it are wrong and need to bail out. I tried to manage my short the best I could: short cover, short cover. As soon as the next dip holds I get the fuck out. It worked out nicely.
Due to weakness and far down below the VWAP I did the bounce short and don't want headache covered into the support line and that's the best decision I made. Madaz must hold it waiting and got fucked. Man this is one that go both ways further than we think!!!! Just unreal movement!!
2 opportunities right there! 1) morning washout long risking base line. 2) what I did today: short into failed follow thru momo(timing is the key!! twice I sized in tooooo early!!)
Avoid midday and late day chop!!!! That's it!!! 2 hours work done for the day!
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