traded the best of my ability however once again it traveled further than all expected. I came in the day expecting low float turd will be bidding up because no one would want to miss the next RKDA. so These stocks have weak hand in it meaning that once the buying stopped it would drop like a rock. Here is 2 questions: at what price buying will cease and when??!!! I started to attack it at $9ish expecting heavy selling at $10-wrong-stop out. Then do it again at $12ish then $14ish wrong again and again-but the silver lining is I stopped out each time!!! I was very stony today and operated like a robot. Whenever I don't see clear rejection-imma out!! no question should be asked!!!
$8 to $15 I do think this one is over-extended but doesn't mean profit taking will start. It's 50/50 in my eyes so I stayed on cash at that point just before it went nuts $15 to $20 in a few candles!!! This one is definitely a crow mess with lots of shorts stuck in it and chasers early are right at least until 12pm timeframe. I started reloading shorts again after lower high spotted and I used size because this squeeze is unexpected and must caught lots of people offguard. I held nearly 10k shares with $18 average anticipating selloff. But for some reasons it doesn't behave right!!! i covered 2k shares at $16.50ish and rode the rest to $21 and put up adds again because in my eyes the buying was caused by shorts. The volume bar tells me the buying is different from ROKDA yesterday, it happened sporadically meaning that there is lacking continuous buyers in it. Worst case scenario in this case will be like PIXY a few days ago it will do HOD breakout fakeout then straight selloff. Holding 8k shares with average $18s at $21 is not good feeling!!!!! I was down $20k at that point but I got conviction and the chart tells me the price upward is caused by weak shorts I stayed short and even added to my position near HOD. Ended up having 12k shares with $19.60 average!!!! That was the hard part and rest is the history, sell off after HOD breakout fakeout. Not ez one for sure!!!! I was very closed to stop out near HOD!!!! if it put base at $21 and continue crawl up I would stop out at $22-$23 most likely!!!! Glad it worked out at the end!~!!!! I shorted again at $16 due to weakness and lack of buying anticipating sub vwap close. that was ez trade which added additional $20k.
KBSF-took hit early, sympathy to DXR and glad I stopped out. Must be lots of shorts in it anticipating $10 peak before ran over!! I waited from momo fizzle before attacked it. With RKDA and DXR making new low this one would unwind. Covered tooooo early!!!
PTI-frustrated one!!! very unclear in the beginning. Using $8.25 as a guide. Didn't capture the first selloff but shorted at $7.80ish and added to the position. Strange one I have to admit!!!! Feeling insecure due to the overall market so covered all at low $7.20s.
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