Tuesday, August 1, 2017

8/1_HUSA, SKLN

Shitty start of the month followed by HUSA's trade. Read it correct but the main thing was trading upon anticipation instead of the chart is telling me.

















Short initially but that volume surge and 3 consecutive green candle ramp got me scared and covered before flipped long thinking Texmex's statement earlier got it crowded and it may have some legs. Wrong again and I have to cut it when stop lvl triggered. Then it hanging around just below the support lvl and traded 5million shares by 10am already so I thought it may surprise us so I longed some again shit was wrong  and I cut all at .60. I've found that whenever I traded a stock more than 2 times the chance is I will be wrong on 4th and 5th time.


















the entry is ez but the hard part is holding it. I saw base at high $1.80s so covered all thinking it may pop towards $2 for reshort opportunity.
The main thing is really about the focus and opponent selection! If you focus on good setup the game will be much easier!!!!

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