Wednesday, October 3, 2018
10/3_VTVT
Crowded+manipulation+algo=headache!!!!!!
2 things I did right: 1)stopped out my entire short position when $4 holds with consistent volume.
2)flipped long again late day anticipating squeeze but lack of buying and time stop triggered so smacked the bids, then it collapsed and never looked back.
However I got myself into big trouble because the fact I felt I had good read on it, I got toooo confident, I located 20k shares and didn't want to miss it so ended up sizing in tooooo early toooo big and didn't respect the grinding action. Down $20k at one point!!!!!! unacceptable!!!!
Live to fight another day!!!!
This is definitely not ez one!!! maybe the best is to avoid it!
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