Thursday, May 31, 2018
5/31_MDGL, VKTX
MDGL-initially risk $200 but nope didn't work then $220 looked heavy so sized back in and risk that lvl but didn't work again. used bigger size than I should have that was first mistake! Second mistake was I stopped out at $222ish but kept nearly 600 shares on and got squeezed $30 bucks!!!!!! absolutely ridiculous!!! Perhaps I should implement the rule AT09 used: "never short stock >$6!!! I tried to be very cautious and leave room for adds but the volatility is just ridiculous!!! It's ez you are down 5k in a blink of eyes!!!! Definitely I wold consider it black swan stock!!! looking forward for more action in biotech sector the following week!
VKTX-killer stop out at $7.50s before flipped long! but wtf this one is hard in fact extremely difficult and short-apocalyptic. The late day squeeze from $8.50 to $9.20 in 2 min is painful!!!! But again it doesn't treat longs well either!! heavy action in the overhead air!! no bias tomorrow!!! Likely avoid it but if touch it keep size small and stop tight!
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