In fact I traded them pretty well. The key is be patient for the entry and scale out when it fails to do what you want. The key is DON'T FIGHT!!!! I had 1k shares cover but only filled 800shares so I know shit it ain't coming down and I covered the rest before the reversal.
Locates are available but no as much selling as I wanted so I covered all. No liquidity it's 50/50.
this turd is not ez...I have to admit but due to good average. $1.50 I was able to hold it without panicking out. Today is 3rd day into my short swing and frankly I don't know whether i am doing the right thing or not. The fact is it's hard to swing size multiple days because when it's going good going well there is no reason to cover but when it's going the other way because I was already in the position in size so adding is not part of my plan and my emotions gets really tensed. I have stop in my mind but the heck I know that I am doing the right thing if the stop gets triggered and I am out flat but it's painful feeling to go from being up $10k to break-even!!! On the other hand I refused to take it off in mid $1.20s because I think in next couple days it will go much lower and even r/s can push it off the cliff to sub $1. Had I covered and it's going down down down each day without uptick for me to enter the position it's a dent on my vanity. But still swinging in size is not ez!!! You gotta cover along the way no matter what!!!! Even if you have conviction, even the price is moving the way you want. Get the size down for readd opportunity and keep emotions in check !!!! It's healthy in trading. Again my plan is depending on the close I will decided to whether hold it thru weekend.
3rd day into my swing short. Had $1.50 average with 32000 shares. Got squeezed twice already. very frustrated type of trade. Was up big twice but didn't take any off. That's when you have extreme conviction on the trade, you start to ignore what the price is telling you. Monday have 0 idea what's gonna happen but I do know Kalani got shares to sell and it bagged tons of longs and has lots of resistance overhead. When continue hold unless $1.50 break above and hold on volume.
a/h 6k tells me He's got 30m shares to sell still. confident to hold it thru next week!
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