Awesome trades both long and short!!! not ez to read but glad I didn't locate initially, had a strong feeling it could be the flavor of the day for couple reasons: big former runner in 2015, friday after slow week, low float, nothing else got big % up so all eyes are on it!!!!! That's my thesis but wasn't sure at first, therefore I need to have confirmation before long it. All I know is I want to stay away from short NO MATTER what!!! I rather miss potential $1 downsside if taking short position!!!!
I draw the line across premarket high and basically if it could hang around above it it has a shot. I must say Yes I could have shorted parabolic in the morning and capture 60cents but the problem is it will lead me towards position bias which fucks up my mentality and likely will freeze when the squeeze takes off. It's just HARD(speaking from experience) to stop out when you went from up $5k to breakeven then next sec. you down $10k.
Starting this year my goal is ALWAYS get in a step late if a play is obvious no brainer short. Let amateur shorts sized in and get fucked and panic covering in my offers!!!! Don't try to capture every move!!!! I missed the initial move went from $2 to $2.60 but that's okay!!! I stay calm and observe the actions and finally nail it!!!! Remember as always, you ONLY need 1-2 trades/day to get mission completed!!
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