.
Purely stupidity and full of greed. Had a perfect short in the morning and up $5k in half hr but not content of it, wanted more so delved in...add add add boom break above vwap and holds again add add add...finally couldn't take anymore covered all at high 8s. Yes the action itself is hard to read but man I broke the rule, when a stock showing signs of strength and holding action I didn't stop out. The main reason is past couple days small cap have been in a cycle of pop and fade and therefore short sellers gets tooooo aggressive and overly patient on it. WRONG!!! it's important to know the market sentiment!!!! especially trading low float stocks!
Fucking unreal!!!! wrong 4 times!!!! every time I thinking to myself "that's it!! it's done" it comes right back and make new high...very frustrated trade. at this point near 3:30pm I really don't know what it's gonna do eod. the way it trickles down just doesn't seem right to me!!! expect unexpected into the close and tomorrow!!!
Thursday, February 28, 2019
Wednesday, February 27, 2019
2/27_GEVO, MTP, NIO
NIO_I had insane position but it just doesn't drop as quickly as I thought it should so I cut all
MTP-traded it like noobie chaser. slow market tonight so I excercised my anticipation that it would be pumped and chased by all...WRONG!!!!
Tuesday, February 26, 2019
2/26_FTNW
This shit isn't ez at all!!!! I don't know why this is used to be my bread and butter but nowadays I approach it cautiously. I can't take risk these days!! I just can't. I got too much responsibilities these days...mortage, wife, daughter, family, etc. I am just tooo afraid to short into these which I used to consider high probability setup. it is what it is. got reconcile myself and make appropriate adjustment. Worst thing I did today however was longing into mid morning push when it looks like holding. For 2 reasons primarily:1) huge massive absorption. 2)Nate has been long biased since pm. and maybe 3)morning huge push and fail and puts the base makes me think emotional chasers are gone and it's time for grind.... WRONG!!!!! when a stock under vwap, don't make any bull assumption!!!!
Monday, February 25, 2019
2/25_TTNP, CIFS
CIFS-overall good trade, another unreal pop that goes further than anyone would imagine. Just like ACHV last friday. Small cap is completely on fire!
TTNP-main gainer today! got conviction and it trades in my direction. nailed it.
Friday, February 22, 2019
2/22_ACHV, ZSAN
ZSAN- strong seller at .80s. I attempted longing it premarket and got rejected that should reaffirmed my short thesis. However due to crazy near 80m shares action yesterday i got scared.
ACHV-totally unexpected!!! thought it would be straight forward push and fail trade. Nope!!! ZSAN lighted up the low float market. ridiculous shares changing hands entire morning. I was influenced by Nate's comment and shorted tooo early and didn't bail. at one point was down $15k!!!! unacceptable!!! Likely market will stay hot another day or two!!! be very cautious on monday and tues!!!!!!!!!
Thursday, February 21, 2019
2/21_ZSAN
craziest day in a while. Didn't really expect ZSAN to do anything in the morning. I am taking pride being green despite shorting it 4/5 times. Insane volume!!!! totally!!! 300k shares traded on single minute basis!!!! The market has been sluggish for more than 2 weeks and it's about time for fire in small cap land. Tomorrow be very cautious shorting anything that's holding!!!! Focus rejection!!!! If holding/griding/not falling/massive absorption etc stay away from short and possibly look for long!
Wednesday, February 20, 2019
2/20_KNDI
Very happy the way I read and traded it. Massive absorption and that's big big red flag to shorts!!! Took ez money and no thanks!!
Friday, February 15, 2019
2/15_SAEX
CGC-killing shorts again. no position or attempted trade today given all the painful lessons I had.
SAEX-good flip. when I stop fighting not only I free my mind, trading improves as well. $5.60 resistance in the meantime. no position. friday and last here.. wanna take things ez.
Thursday, February 14, 2019
2/14_RBZ, GSUM
Wednesday, February 13, 2019
2/13_CGC, SOLO
totally totally avoidable!!!!! got demon inside my mind which I couldn't guard against..paid the price!
Monday, February 11, 2019
2/11_CGC, SPI, AVCO
CGC-yes it's trending down since the open but lots of frustration trading it in the past. Last 10 times it came back up why the heck you think this time will be any different?!!
SPI-crowded mess. no strong support. first it fucked shorts then it bagholded longs.. difficult for both sides. no thanks. wait for tomorrow.
Friday, February 8, 2019
Thursday, February 7, 2019
2/7_LCI, HYRE
when you stop fighting and go with the flow, trading become an ez task.Little by little, never try to make all back in one shot!!! little by little. that's healthy way to trade and stay in the business.
Wednesday, February 6, 2019
2/6_CGC, MGNX_BLOWUP day
Haven't taken such big loss in a while. Got no one but myself to blame to. I was influenced a lot by the phase 3 news, Nate's comment, AT09's comment, premarket volatility and liquidity..all of these factors form a strong long bias towards it. I attempted several times all didn't work. In the back of my mind I was always thinking maybe analyst upgrade, maybe big player accumulating, maybe maybe...etc. WRONG!!!! As of result I turned $10k loss into $30k. Last dip buy followed by big red candle added $20k loss to the existing. Why the heck I stayed sooooo biased??!!! The stock stays under VWAP the entire times!!!! why do you think it could run??!!!! wait for the confirmation before the decision!!!! this is the chart and setup I used to make a lot $$$ from. taking advantage of emotions is my strength why I abandon it??!!!! Listen to your heart!!! avoid others!! Lesson learned!
mother fucking action. i treated it as my revenge ticker and that mentality going into the trade was not supposed to yield good result. I don't deserve good result. This is known ticker in hot sector and mother of zombie why I kept waiting waiting waiting for it to collapse. You can't assume it's going to do what you think. That means you overlook the price action is telling you. Stock is relatively stronger than CRON, TLRY and holding above VWAP entire day....why the hell I was assuming it's going to fail by EOD? Take what price and volume gives you and move on!!
Tuesday, February 5, 2019
Monday, February 4, 2019
Friday, February 1, 2019
2/1_TBLT, TTNP, TMSR
TBLT-ez shit, nothing to talk about.
TTNP-got scared due to its price lvl and volume so avoided it.
TMSR-mother fucking action. random pop$1 and crack $1.50 in a blink of eyes. Crazy spread and volatility and low volume thin stock. No thanks....don't want headache.
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