Friday, October 19, 2018
10/19_CCCL, CNET, CREG, NCTY, PETZ, PLAG
Among these 3 tickers I lost $10k before the market opened by long. totally unacceptable!!!! Today is Day3 since the low float mania period so I thought the momentum and chasing activities still there. Just like I tweeted as I wrote this, these are fucking low quality plays!!!! Doesn't matter whether you long/short, it's hard to make money, so why not avoid them. sit on hands and patiently wait for the real opportunity with proper r/r before click the mouse. I certainly let the greed took over me and chased them and paid the hefty price.
CNET -I made back all the loss and more. my bread and butter setup.
this is the best trade of the year I have to say. just fucking awesome the way I managed my idea, trade and execution. I located 10k shares and started in high $4s and low $5s but clearly divergence spotted, it kept going up like a rocket and even went into halt so I said fuck it we are still in mania chasing period let me close my position and long some b/c people are lost mind and likely continue to chase it a bit further and ended up the best decision I made. Really proud of myself!!!
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