Thursday, May 25, 2017

5/25_GLYC, NAKD, BCRX_opponent selection!

















whenever a stock works out like this I always found myself asking why not use more size. Shitty company with offer and massive dilution, how can you not use more size???!!!!!

















not ideal setup, mid cap biotech and directionless move it appears. The best is no trade. I took paper cut on it

















GLYC got 9 lives!!! Was short biased initially then switch to long thinking it would do killer squeeze because volume is there and it's got intraday and daily breakout but man this is one of the situations it don't workout. I turned my long winner into loser by adding to the winner then it reverses all the sudden I breakeven then a few candles later I went red. That's why stop loss and adhere to it is crucial to survival!!!! Understand that you will be wrong countless times and will continue to be going forward. Rules and discipline keep you alive!!!

















missed $2 HOD short and it's hard for me to think of long it so took my eyes off only to find it breakout HOD. Tomorrow it should be interesting. Remember not holding anything into the open.

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