Tuesday, May 23, 2017

5/23_GLYC, HMNY, ETRM

traded the best I could on HMNY and GLYC, ETRM got me feared so afraid to size up.
One big reason I hesitated to short ETRM and long HMNY was due to last week's below VWAP consolidating then squeeze action. Recency bias!! But you need recent memory to be a good trader, remember shipper mania and HTGM's mania?!

















Really thought this time is different from last 2 times and influenced by Nate so afraid to really size up into the first 2 candles push where normally I would take POS. Wishfully thought it would ramp a lil further so I could take position but no dice. This is piece of shit that insiders can't wait to unload their shares. Should have at least put up some if not full. 


















HMNY no locate but doesn't mean I am long biased. The reason I bought b/c weak pullback and massive volume. Unfortunately the price action is disappointed. Glad I had great low price entry, it tried to ramp twice and I had big profit twice but due to massive volume I REALLY thought it would breakout HOD and keep going. Wrong both times and didn't take single share off!

















experience taught me that you found yourself in-n-out many times you are likely wrong!!! Not only the entry and timing is wrong but you are suffering from emotional distress and lost balance of it. So lastly I sold all and redirect my attention to elsewhere and that's the best thing I did today!!! It had nasty red candle slamdown to $4 and put every long under water. Glad I did the right thing. Always remember, see divergence, GET OUT!!!! 
















not easy one and not the typical trades I would take but given the context and price action I would like to give it a shot risking $14 o/u. Early shorts were fuck for sure and the big move midday is likely due to short squeeze and I see nasty bids prop and stuff action. In my eyes someone is taking big short position at $14. Ideally offering a/h or tomorrow, if not I will get out tomorrow before the open half if not full!!!!


















unexpected move and stop loss lvl triggered. Turned winner into loser but stuck to the plan!

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