Tuesday, September 12, 2017

9/12_ALDX, RTNB, AEMD,

Shitty trades today despite the fact I told myself BIG PICTURE idea before the the open opened.
ALDX...tough one! hard to trade due to its volatility, liquidity and tick pilot.
















shorted premarket telling myself if holding up will cover before 9:28am. good trades I covered all before the open using relatively small size. Then I shorted in the open candle and it immediately followed by slamdown and I was up big and fast so I decided to add pops risking VWAP. But heck it grinded sub VWAP and break thru it and I had to stop out but turned out to be the top. I had huge size-20k shares with $6.68 avg. Tick pilot can be treated same as SSR stock. You have to think of the possibility of panic squeeze. You have to get filled there because once the momo turned it would be 20-40 cents lower and you started thinking hell know I could have shorted 40cents ago. Getting pissed and frustrated and watched it continue going down or maybe up if the average is bad it's hard to trade it. The best way to trade tick pilot momo name is giving it room, don't anticipate lower high to add on, anticipate breakout fakeout volume surge to add!!!!! with set risk as always!!! the key is entry, timing and most importantly manage position size accordingly. Obviously I stopped out at the lvl I need to add risking HOD!!! I chickened out because I was already in full size when it gets there and I panicked out!!!! That's the lesson I kept getting!!!


















ALDX turned out to be all afternoon fade after it fucked shorts around in the morning. but with tick pilot it's hard to trade it!!!! the key is entry!!! you don't want to smash the bids b/c it could turn the other way FAST and furious and you forced to cover. the slippage fucked you up!!

















perhaps I should focus on AEMD today. But massive volume in the morning got me scared and I told myself to trade it once it settled down. Yes I took $6k profit on it but man Had i shorted morning spike it would be 5 figure trade.

















not ideal price range and coming up from low and saw red flag and don't want to stare it all day so I covered it all!!! Yes I shorted tooooo early but I left myself room for add and It worked out perfectly. With SSR and badholders, you have to step in early but not toooo early. the KEY is leaving yourself room for add!!!!

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