Monday, September 25, 2017

9/25_IZEA, ARDM, HMNY-$35K

all kinds of mistakes mingled together and I don't know where to begin. what makes me sick is I even told myself not to short before 11am today but couldn't help. Maybe getting short is not mistake, the mistake is after taking short position I didn't cover single share into pullback. The pullback is pretty large so they make me think it's over, it's finally coming down, it makes me exercise patience and decide to hold it all day or even swing it overnight.

















from LOD to HOD so I thought it's killer setup. but it's toooo weak, no vlume sighing.Just remember the stock HAS TO follow your mental picture, when it break above VWAP and pullback, if long thesis is correct, it shouldn't be this big red candle weak and secondly it has to keep going and make new high but lower high.

















again same mistake-Sub-vwap grinding action and clearly I saw $4.80 absorbing massive but didn't get out. took huge hit on it. Then I flipped long and when it touched $6 I was up MASSIVE but didn't take it!!! turned big winner into loser. It unwinded further than I thought so I thought that's it and took short for eod crack but nope it grinded back up.
Pain in the ass because again I broke rules and didn't respect price action. It's like you are standing on the railroad and see a train coming at you, you don't get off but keep standing and waiting. I was fighting it, that's what it is. I don't want to accept $4.80 absorption. in this market, big $ gainer, grinding action on volume, AVOID short!!!!!!
















morning push and HOD rejection got me think this is the beginning of the end but nope it touched the resistance line I drew and grinded back up and I turned big winner into loser. Then it looked weak EOD so I shorted into lower highs action risking $8.30 but didn't workout.
This is the market that I best NOT trade!!! Rather miss!!
Main reason I took big hit on it was due to ego and emotion. I saw the danger sign, I clear saw $8 holding up BUT I feel bad taking the minimal gain because just a few minutes ago I was up massive and now only miniscular. So fuck it I am going to wait for pullback to cover BUT it never comes down. Straight up and HOD breakout and I forced to stop out. That's stupid!!!! I still let pnl influence my mind, mentality and action to take. Be like a fucking robot!!!!!! This is the market you scalp ONLY on the shortside!!!!Overstaying is the most dangerous thing you can do. Trading is easy. I think the best is to think of it that way. The stock has to do what you want it to do. If not, get out and possibly flip!!
RATHER MISS!
RATHER MISS!
RATHER MISS!

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