Thursday, September 7, 2017

9/7_RH, NLNK

shitty action on small cap land so I had to focus on somewhere else. My goal is starting with initial position and adding to winner ONLY and cut loser fast ruthlessly!! but the heck these high price, institutional occupied stocks trading completely different with low floats.


















volume surge ramping into $10 mark so I took short anticipating fast snap but nope..3 consecutive volume bars got me scared so I covered it with small loss. It turns out working in this case whereas in small cap it would go go go.

















high price stock so not my niche so I have to play it cautiously especially with size. There are a lot of times in the past I turned could have been a small loss into gigantic loss by adding to loser. So I made very conscious effort of not doing it. Yes by holding it would be a monster trade but WTF that type of crack and grind action is interpreted very bullish in small cap land so I covered all into that ramp break even. I am not comfortable trading high price volatile player. this thing moved 50cents to $1 in 1-minute candle so I can't get used to up and down frantic swing. Trading this type of player you gotta give it wiggle room!!!! you gotta take profit into dip/washout!!!! that's how you trade it!!! No big picture homerun mentality!!! or your account and mind will very likely get fucked badly!

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