Imagine I have the ability to long I will have done so much better today. But it's just hard for me!! I am only comfortable long when slowly grinding action with set risk. this type of action I always think about what if a big seller smash it and I will end up in bad position. It definitely traveled further than anybody thinks. I shorted twice and got fucked. took $6k loss in the beginning. But glad I found daily resistance lvl at $12 and sized in from there and added to winner. Glad it worked out.
big picture trade idea, goal is waiting for unwind/offering news hit. nope....I guess everyone else has the same idea and it started to grind after it did reclaiming. I kept holding due to good average but again it's probably not a good idea holding full position and stop out at risk lvl. As soon as red flag/danger sign is spotted just get out. Don't stick around. do it before the herd!!! that's the key!
I am not good at trading it. I will just have to admit and accept the sad fact. Huge more than $1 spread!!!!! When it's not going my direction the slippage is massive!!!!!!totally avoidable!!!!! Not worth the risk trading it!!!! neither long nor short!!!
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